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A comment on Nearly half of American workers don’t earn enough to afford a one-bedroom (cont). Parent comment

Re:Nearly half of American workers don’t earn enough to affo... by finexplained on Thursday August 12, 2021 @07:40PM (#28163204)
Inflation isn't directly (that is one-to-one) tied to the amount of money printed. That's a simplistic view of a complicated phenomena. What matters is demand aggregated among many individuals. You can print any sum of money and if the person you give it to decides not to spend it, it doesn't affect demand and thus doesn't cause inflation. Meanwhile you can stop printing money, and if demand increases inflation can still occur.
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Re:Nearly half of American workers don’t earn enough to affo... by RhysU on Thursday August 12, 2021 @08:17PM (#28163609)
But what if we handed the printed dollars to a large number of individuals to spend immediately to cover their income shortfalls in unprecedented government largess?
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Re:Nearly half of American workers don’t earn enough to affo... by notJim on Thursday August 12, 2021 @09:03PM (#28164003)
If it's covering an income shortfall, it doesn't seem like that would cause inflation.

If I normally spend $2k a month, but then lose my job and get $2k from the government, that's not going to cause inflation.

From what I understand, much of the stimulus money was saved. https://fred.stlouisfed.org/series/PSAVERT

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Re:Nearly half of American workers don’t earn enough to affo... by willcipriano on Thursday August 12, 2021 @09:44PM (#28164313)
> If I normally spend $2k a month, but then lose my job and get $2k from the government, that's not going to cause inflation.

That $2k a month that you used to earn is still out there somewhere unaccounted for.

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Re:Nearly half of American workers don’t earn enough to affo... by nly on Friday August 13, 2021 @04:41AM (#28166802)
Except the money you would have been paid previously still exists somewhere and will go somewhere else.
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Re:Nearly half of American workers don’t earn enough to affo... by gizmo385 on Thursday August 12, 2021 @09:05PM (#28164022)
Then those people largely spend it on essentials, don't lose their housing, and don't starve to death.
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Re:Nearly half of American workers don’t earn enough to affo... by RhysU on Friday August 13, 2021 @12:00AM (#28165286)
My point was about the money supply not ethics or morality.
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Re:Nearly half of American workers don’t earn enough to affo... by kamaal on Thursday August 12, 2021 @10:35PM (#28164696)
>>You can print any sum of money and if the person you give it to decides not to spend it, it doesn't affect demand and thus doesn't cause inflation.

In short this is the equivalent of not printing money.

The very reason why you print money is to spend it. If you didn't want to spend money. Why print it?

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