Comment by lm28469
4 days ago
> Might be a good thing to do in the next recession...
The magic money we sent out is the cause of a lot of the problem we're facing now though, it's not like you can print magic money every 5-10 years to extinguish systemic problems
> The magic money we sent out is the cause of a lot of the problem we're facing now though
So, inflation.
The banks and corporations have been getting the "magic money" since 1971. The moment we give it directly to the people evryone is concerned about inflation. This mindset is sad.
Do you know that banks in the last 15 years have been getting free money and then lending to people at rates from 5 to 29%? Does that not make you mad?
We're talking about the same magic money... people got almost non of it even during covid, it mostly went to companies