Re:Banks as Collateral Damage in a Class War
by ajmurmann on Wednesday March 22, 2023 @11:36AM
(#35262709)
It would be inflationary to the currency. I don't think a inflation applies to individua, it's about the exchange rate of one unit of currency to goods and services. I think you might be conflating "inflationary" and "making poorer"
In this case the currency would need hugely inflated, but it would only harm people who didn't get the payment. This might lead to everyone getting a million dollar. Now a carrot might cost $50 which doesn't matter, because you got a lot more dollars.
Inflation is a problem when the costs of different things, especially wages, don't increase at the same rate or you have a lot of savings in cash.
In this case the currency would need hugely inflated, but it would only harm people who didn't get the payment. This might lead to everyone getting a million dollar. Now a carrot might cost $50 which doesn't matter, because you got a lot more dollars.
Inflation is a problem when the costs of different things, especially wages, don't increase at the same rate or you have a lot of savings in cash.