Re:/r/antiwork: A tragedy of sanewashing and social gentrifi...
by alangibson on Monday February 07, 2022 @11:44AM
(#30247297)
> government prints money and gives it away for free
In some circumstances this is actually a good idea. One core idea of Modern Monetary Theory is that printing money is only inflationary when the economy is at capacity.
So giving money to people that can't or won't work actually drives growth because they can spend.
If you moralize about economics or think MMT is wrong, this sounds like a horrible idea. If you only care about results, then it's a great idea.
In some circumstances this is actually a good idea. One core idea of Modern Monetary Theory is that printing money is only inflationary when the economy is at capacity.
So giving money to people that can't or won't work actually drives growth because they can spend.
If you moralize about economics or think MMT is wrong, this sounds like a horrible idea. If you only care about results, then it's a great idea.