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How do you stimulate the economy?


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2020 Mar 11, 10:40am   3,444 views  22 comments

by Heraclitusstudent   ➕follow (8)   💰tip   ignore  

Cutting rates or taxes won't make people go to the restaurant, go see a movie, go for a massage, or take a plane... if they are afraid to catch a virus.

You could do a bit of infrastructure works, but are cooks gonna do it?

The part of the economy that is hit is precisely the part that would normally be hit last in a recession.

And you can't really fight a virus without hurting that service economy.

But keep in mind: if you fail to stimulate the economy, the bubble everything economy could pop, and the world plunge into a deflationary spiral that would be devastating.

So what do you do? Send people money?

https://www.bloomberg.com/opinion/articles/2020-03-10/a-coronavirus-recession-will-be-tricky-to-fight
https://www.bloomberg.com/opinion/articles/2020-03-10/u-s-treasuries-are-not-supposed-to-trade-like-this
https://www.bloomberg.com/news/videos/2020-03-11/trump-is-a-no-show-after-promise-of-economic-plan-details-video

« First        Comments 2 - 22 of 22        Search these comments

2   Tenpoundbass   2020 Mar 11, 12:43pm  

You got to rub its Nipples.
3   EBGuy   2020 Mar 11, 4:08pm  

The trout will love this:
Imagine a bank that pays negative interest. In this upside-down world, savers are penalized and borrowers get paid to borrow money...
By mid-2019, the pile of negative-yielding bonds topped $17 trillion, or a quarter of all investment-grade debt, increasing the focus on how citizens are hurt when their retirement savings fail to grow.
4   Booger   2020 Mar 11, 4:10pm  

The_Weeping_Ayatollah says
But what would they spend it on while sitting in quarantine? Netflix?


Rent/mortgage, utilities, online orders. Plus the stores will still be open, except that lines might be less.
5   Heraclitusstudent   2020 Mar 17, 11:54am  

"White House Wants to Send Individual $1,000 Stimulus Checks Now"
https://www.bloomberg.com/news/articles/2020-03-17/mnuchin-says-trump-wants-money-sent-to-americans-in-two-weeks

$1000. To people stuck at home. Lol!
6   RWSGFY   2020 Mar 17, 11:59am  

Heraclitusstudent says
"White House Wants to Send Individual $1,000 Stimulus Checks Now"
https://www.bloomberg.com/news/articles/2020-03-17/mnuchin-says-trump-wants-money-sent-to-americans-in-two-weeks

$1000. To people stuck at home. Lol!


It's not like the bills stop coming if you're stuck at home....
7   Bd6r   2020 Mar 17, 12:04pm  

APOCALYPSEFUCKisShostikovitch says
OPEN FIRE!

That would stimulate bullet-production economy.
8   FortwayeAsFuckJoeBiden   2020 Mar 17, 12:06pm  

rd6B says
APOCALYPSEFUCKisShostikovitch says
OPEN FIRE!

That would stimulate bullet-production economy.


As founding fathers intended.

We need belt fed ammo.
9   Al_Sharpton_for_President   2020 Mar 17, 1:26pm  

10 inch vibrating dildo with no off-switch.
10   Ceffer   2020 Mar 17, 1:30pm  

willywonka says
10 inch vibrating dildo with no off-switch.

Solar powered, but works with incandescent, fluorescent and LED lighting. Have to let it out once in a while to let it bask.
11   zzyzzx   2020 Mar 17, 2:08pm  

APOCALYPSEFUCKisShostikovitch says
SHOOT! LIBBIES! IN! THE! FACE!


Give everyone M134's and 10,000 rounds of ammo.
12   ForcedTQ   2020 Mar 17, 3:03pm  

TEOTWAWKI says
Heraclitusstudent says
"White House Wants to Send Individual $1,000 Stimulus Checks Now"
https://www.bloomberg.com/news/articles/2020-03-17/mnuchin-says-trump-wants-money-sent-to-americans-in-two-weeks

$1000. To people stuck at home. Lol!


It's not like the bills stop coming if you're stuck at home....


Maybe it’s everyone’s own fault for not having the discipline to save an emergency fund of 6 months of expenses instead of spending their fucking asses off and living beyond their means? Fuck stimulus packages and fuck sending people stolen money!
13   RC2006   2020 Mar 17, 3:27pm  

ForcedTQ says
Maybe it’s everyone’s own fault for not having the discipline to save an emergency fund of 6 months of expenses instead of spending their fucking asses off and living beyond their means? Fuck stimulus packages and fuck sending people stolen money!


Its how shit works until the real callaps. It goes against nature people and companies should be allowed to fail we will only grow weaker economically, and physically from this way of doing everything.
14   RWSGFY   2020 Mar 17, 4:21pm  

ForcedTQ says
TEOTWAWKI says
Heraclitusstudent says
"White House Wants to Send Individual $1,000 Stimulus Checks Now"
https://www.bloomberg.com/news/articles/2020-03-17/mnuchin-says-trump-wants-money-sent-to-americans-in-two-weeks

$1000. To people stuck at home. Lol!


It's not like the bills stop coming if you're stuck at home....


Maybe it’s everyone’s own fault for not having the discipline to save an emergency fund of 6 months of expenses instead of spending their fucking asses off and living beyond their means? Fuck stimulus packages and fuck sending people stolen money!


Of course it is but how far down the rabbit hole are we willing to go to prove this point?
15   Heraclitusstudent   2020 Mar 17, 5:33pm  

RC2006 says
It goes against nature people and companies should be allowed to fail we will only grow weaker economically, and physically from this way of doing everything.


You don't think that closing a company, laying off people, selling everything, then creating a new company, buying stuff, hiring new employees, resetting up everything is... a huge waste, when you know you are facing a temporary disruption, by opposition to getting a bit of help so as to keep things in place for a few months to the other side of the chasm?

It always amazes me the blind faith people have in some dogmas.
16   WookieMan   2020 Mar 18, 3:20am  

ForcedTQ says
Maybe it’s everyone’s own fault for not having the discipline to save an emergency fund of 6 months of expenses instead of spending their fucking asses off and living beyond their means? Fuck stimulus packages and fuck sending people stolen money!

I'll take the money, but I absolutely don't need it. That's the problem with these types of things. Say I receive the $1k, I'm likely to pay more in future taxes because of it. So to me it's not worth it after filing taxes and paying $30k in federal taxes in 2019.

I'll keep saying it, lock up (quarantine in home or nursing homes) those 70+, give them $2k/mo, restrict visitors and let's move on from this. It's a virus for Christ sake, it ain't going anywhere until there's a vaccine and it's killing the old. Let it run rampant among the young that can handle it and it will spread less in the future. We regulate the fuck out of the young, not sure why we can't do the same for the old?
17   RC2006   2020 Mar 18, 5:22am  

Heraclitusstudent says
RC2006 says
It goes against nature people and companies should be allowed to fail we will only grow weaker economically, and physically from this way of doing everything.


You don't think that closing a company, laying off people, selling everything, then creating a new company, buying stuff, hiring new employees, resetting up everything is... a huge waste, when you know you are facing a temporary disruption, by opposition to getting a bit of help so as to keep things in place for a few months to the other side of the chasm?

It always amazes me the blind faith people have in some dogmas.


I am all for safety nets, but that’s not what we have been evolving into. Repeatedly bailing out companies and people that always expect to be saved by taxpayers is wrong. Look around our society is failing people are unhealthy, companies are ran into the ground for short term gain. Dumbest of society are coddled and reproducing the most.
18   NDrLoR   2020 Mar 18, 8:48am  

Heraclitusstudent says
$1,000 Stimulus Checks Now
I give you $1,000, you give me $1,000.
19   RC2006   2020 Mar 18, 9:48am  

NDrLoR says
Heraclitusstudent says
$1,000 Stimulus Checks Now
I give you $1,000, you give me $1,000.


Half the population probably doesn't even pay any income tax, another chunk pays less than a thousand.
20   RC2006   2020 Mar 18, 9:54am  

Who will get 1k every person man woman and child, household size, illegals, ect?
21   ForcedTQ   2020 Mar 18, 10:02am  

RC2006 says
NDrLoR says
Heraclitusstudent says
$1,000 Stimulus Checks Now
I give you $1,000, you give me $1,000.


Half the population probably doesn't even pay any income tax, another chunk pays less than a thousand.


You’re right, I believe the statistic is that due to the “un” Earned Income Credit, 48% of people wind up with $0 Federal income tax liability.
22   MisdemeanorRebel   2020 Mar 18, 10:47am  

BUY! B I T C O I N! It's TEOTWAWKI PROOF!

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