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1
PeopleUnited
2020 Apr 24, 5:34am
PeopleUnited
2020 Apr 24, 5:34am
willywonka says
Not crazy, it is criminal and all who voted for it are enemies of the Republic and the Constitution.
Why is it okay for the Fed to create $1.5 trillion to buy stocks to prevent rich people from losing on their stocks, when it’s not okay to print only $1 trillion to pay for free Medicare for the entire population? This is crazy!
Not crazy, it is criminal and all who voted for it are enemies of the Republic and the Constitution.
2
Rin
2020 Apr 25, 8:34am
Rin
2020 Apr 25, 8:34am
Here's the thing, the rich, being a minority, can't spend everything and thus, prevents hyperinflation just by that alone, with the caveat that there'll be huge asset bubbles in luxury goods.
If you give the equivalent to the masses, then there will be so much money sloshing around the economy that there will be inflation across the board.
And then in middle, you have ppl borrowing money (from their houses or 401K plans) to play keeping up with the Jones.
If you give the equivalent to the masses, then there will be so much money sloshing around the economy that there will be inflation across the board.
And then in middle, you have ppl borrowing money (from their houses or 401K plans) to play keeping up with the Jones.
4
FortwayeAsFuckJoeBiden
2020 Apr 25, 8:35am
I don’t think they created 1.5 trillion out of thin air. Stimulus sent most of it from taxes collected back to small business and average Joes
5
Al_Sharpton_for_President
2020 Apr 25, 8:37am
Al_Sharpton_for_President
2020 Apr 25, 8:37am
Rin says
Here's the thing, the rich, being a minority, can't spend everything and thus, prevents hyperinflation just by that alone, with the caveat that there'll be huge asset bubbles in luxury goods.Yes, exactly. Asset inflation - OK. Toilet paper, streaming services, Blatz beer inflation - not OK.
If you give the equivalent to the masses, then there will be so much money sloshing around the economy that there will be inflation across the board.
And then in middle, you have ppl borrowing money (from their houses or 401K plans) to play keeping up with the Jones.
Why is it okay for the Fed to create $1.5 trillion to buy stocks to prevent rich people from losing on their stocks, when it’s not okay to print only $1 trillion to pay for free Medicare for the entire population? This is crazy!
The idea is that only the rich should be allowed to print money for themselves, but the government should not be allowed to print money for any public purpose, any social purpose — not for medicine, not for schools, not for personal budgets, not for full employment — but only to give to the 1 percent.
People hesitate to think that. They think, ‘It can’t possibly be this bad.’ But for those of us who have worked on Wall Street, for 60 years in my case, that’s what the numbers show.
But you don’t have the media talking about actual numbers. They talk about just words, and they use euphemisms. It’s a kind of Orwellian vocabulary, describing an inside-out world.
https://www.nakedcapitalism.com/2020/04/max-blumenthal-and-ben-norton-with-michael-hudson-us-coronavirus-bailout-is-a-6-trillion-scam.html