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by Ericson2314 1850 days ago
> He basically helicoptered an insane amount of money on the population for rampant consumerism.

I take no issue with this. Keynes is right you need to prop back up aggregate demand, and keep people fed.

> bailed out companies indiscriminately whereas built basically no transit, no green infrastructure whatsoever.

That's the bad part. The demand-side stimulus should be indiscriminate because the supply-side policy should be extremely targeted. People buy whatever the good deal is, like an electric field pulls hardest on the stuff with the most charge. Its essential to to puppeteer the supply side so the environmentally good things are the good deals.

1 comments

Yeah, one of the good things about just randomly throwing money at the crowd is that the crowd has a lot of brains and each brain can make the best possible decision for that person. There is no way a group of politicians is going to spend the money more efficiently.

However, without a serious CO2 tax a lot of that money will be allocated to CO2 intensive consumption.

Yup! Vigorously seek out and tax the externalities, helicopter money, and publicly administer natural monopolies (like transit, telecommunications, electricity, etc.).

It's a great simple recipe; amazing how much ink we spill beating around the bush.