[jelliclesfarm]

Non wealthy people and poor people spend on necessities. You want the money to be spent on commodity goods and generally traded goods like grain, cotton, utilities etc.

We need healthy enough money supply and sufficient money supply in circulation to keep the economy alive. If anything, this isn’t ‘charity’…it is to ensure minimum money supply to keep the economy healthy and prevent it from collapsing. But not too much to cause inflation. To deal with this, interest rates will go up.

It is more like electrolytes needed to keep the economy upright. It is not a lavish meal at a Michelin starred restaurant.

Also helpful to understand Phillips Curve and relationship between unemployment and inflation.

https://www.khanacademy.org/economics-finance-domain/ap-macr... : here is a good tutorial.

The govt is trying to bring down inflation to cool the economy after all the excess money supply during pandemic. That was necessary too.

So expect unemployment rates to rise in the short term. This money will help poor people and those looking at unemployment in the coming short term to survive. This is necessary. We still want them to be able to buy food and pay for gas and electricity as the correction goes underway.