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by argsv
1600 days ago
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I would take inflation that can be managed over the alternative that could have happened had the government not intervened. However and if I understood things correctly, it appears that banks, financial entities and ultra rich individuals got money absolutely for free; no strings attached. The rest of the population got stimulus checks , asset prices appreciation followed by inflation which will eventually eat away any appreciation at best if not do more damage. I don’t think society will appreciate this deal in the long run. Desperate politicians and ideologues will exploit this imbalance. |
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[citation needed]: please distinguish between gifts and loans, bearing in mind that a loan written off other than in bankruptcy can be counted as a gift.
There is a big problem that most of the consumer spending goes through Jeff Bezos who gets to keep a percentage of it, but that's not the same as directly giving him money, and happens regardless of the stimulus or not.