[RickJWagner]

Distributing more money is almost certainly unproductive.

During Covid large checks were mailed out. Reddit was full of 'casual investors' throwing money at meme stocks that explained it was 'covid money' and thus didn't matter much to them.

Student loan debt forgiveness is the latest madness.

The end result? Those with the least money (the poor, and those on fixed incomes) are totally hosed. If you can't afford rent at $800, you surely can't afford it at $1400. More handouts only make the problem worse.

The Fed's response (raising interest rates) will make cars and houses out of reach for many.

Vote for politicians of any party who pledge fiscal responsibility. As a litmus test, judge their reactions to government handouts.

[lmm]

> The end result? Those with the least money (the poor, and those on fixed incomes) are totally hosed. If you can't afford rent at $800, you surely can't afford it at $1400. More handouts only make the problem worse.

That's absurd; while a one-off is nowhere near as good as a basic income, a flat "handout" benefits the poor for obvious reasons (at the expense of the rich; there's no free lunch).

> The Fed's response (raising interest rates) will make cars and houses out of reach for many.

Buying cars and houses with money you don't have and hoping you can make up for it in the future is something we never should've normalised. Someone preaching "fiscal responsibility" should see this as a good thing.

[imtringued]

How do you expect fiscal responsibility in an economic system where money both embodies purchasing power which is a stock and liquidity which is a flow? Liquidity is a costly service provided by the public, every open shop and business provides liquidity and operating a business even with no customers costs money. This means anyone holding onto money can force others to spend money on providing expensive liquidity which completely eradicates the concept of fiscal responsibility because the holders of money aren't responsible for paying for the liquidity they benefit from.

[lmm]

So we have a moderate level of inflation so that those who keep their wealth in cash are paying for the liquidity. Seems fine.

[rightbyte]

Handing out free money decreases the value of money for those that have money. The poor have hardly any money to be hit by inflation.