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by sershe
1428 days ago
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That is what you would expect for CPI inflation. Bailout for companies and the rich would not increase consumption of e.g. food or gas much; newly-printed money going to consumers via whatever means would, though. Bailouts for the "rich" would just increase prices of assets, so the only CPI impact you'd expect would be in housing, maybe. It's not like printing money and "helping people" has not been done a bunch in the past - it always works out the same way, to a different extent depending on other circumstances. To some extent, e.g. minimum wage laws could be beneficial... inflation+redistribution where the gains in wages for the poorest outstrip the resulting inflation that only affects those whose earnings didn't increase because they were already well above the new threshold, I guess? According to this article, we appear to be well beyond that point. |
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