> A stimulus check is trickle up economics, and Lowers prices.
How, in your mind, does this sentence make any sense? Don't worry you can really lay into me, I won't reply.
If Biden forgives student loans is that going to lower the price of tuition?
since the point of the program was to stimulate production of New cars, which it did, creating an increase in GDP and jobs, the experiment was a success.
If Biden forgives student loans it will not lower the price of tuition. Since the point of student loan forgiveness is to help people get on their feet, and buy houses and cars, it not lowering the price of tuition would also mean a success.
I'm guessing you have a house mortgage. If I pay that off for you, will it lower the price of your house? I guess there's no point in doing it then. Because you wouldn't take that monthly mortgage payment and instead buy more stuff or invest in stocks, boosting the economy. You would clearly spend it on sponsoring a super-spreader own-the-libs rally.
This applies during a pandemic, when the companies doing the supply are going out of business, and when the demand side is out of a job and out of money to spend with those companies.
But, since my first explanation, which is exactly the same as what I retyped here, was not read by you beyond an out of context sentence, I have a very good idea about how your brain works, and why it still makes no sense to you. Now talk a bit about why the vaccine is a plot to take away our freedom. I'm here for the entertainment.
The covid check was economic stimulus. Like what Bush W did for example. It literally stimulates the economy every time, because for every one of you and me who don't need it and save it, by investing it in companies via mutual funds, there are people who immediately spend it on things like food, also giving money to companies.
Now here's what happens when you don't give money to companies: they have to take loans with interest. That interest is later paid by customers via increased prices, because the supply side cost is now higher.
Companies also go out of business w/o money. You now have less supply, for inelastic demand (because it's food). This increases prices.
So, econ101: prices went up. Because supply chains were affected by the pandemic, and when supply cost goes up, you pay more. If you didn't have the stimulus checks, they would have gone up more. Much more.
Paying attention in econ101 helps know this. What you missed by not paying attention, is they were referring to printing money and Not giving it to people. Like the government having to fund itself, or the king funding himself. A stimulus check is trickle up economics, and Lowers prices. So econ101 taught us the opposite of your takeaway from that class. That class was of course called microeconomics, not econ101.