America’s Covid job-saving programme gave most of its cash to the rich

Re:America’s Covid job-saving programme gave most of its cas... by ClumsyPilot on Tuesday February 01, 2022 @07:23PM (#30171801)

"term is 'inflation' - which will 100% happen when we start printing money at that scale."

So you get 0% inflation when we give money to the rich and bail out the banks, but as soon and you give a hobo $50 the entire economy crumbles and inflation spikes, right? Very conveneint ideology

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Re:America’s Covid job-saving programme gave most of its cas... by jollybean on Wednesday February 02, 2022 @01:15PM (#30181538)

I didn't remotely imply any of that.

You fabricated a bunch of ideas which have nothing to do with what I said.

'Very convenient fabrication'.

--> If you put a lot more dollars into the real economy by direct distribution, then rents will go up via systematic collusion. Most of that money handed out will be captured by landlords.

That has nothing to do with with what may or may not happen if you concentrate money in the financial sector via whatever means.

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Re:America’s Covid job-saving programme gave most of its cas... by usefulcat on Tuesday February 01, 2022 @08:23PM (#30172281)

If you give a lot of money to the rich, I would expect to see inflation in the stock market. Coincidentally, the stock market has far, far outpaced inflation for probably at least 20 years now.

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