Hacker News new | ask | show | jobs
by grumple 2283 days ago
This is why the money has to go to the bottom so it can bubble up. All debts get paid off along the way. Government bails out the small business, the small business pays the distributor, they pay their creditor, etc. Investors still make money at the top.

If bubble up economics becomes a thing I want full credit.

2 comments

Yes, I hope that would work.

If the 700 billion dollars for quantitative easing went to 200 million U.S. adults, that'd be $3,500 apiece. If spent at the rate of $700 a week, that'd be five weeks' worth.

QE was a combination of asset purchases and loans. It couldn't have gone to individual people.
Andrew Yang has been pushing for this kind of "trickle-up" economics for awhile now with his UBI platform.