Hacker News new | ask | show | jobs
by scatters 1010 days ago
An economy needs money to be created to ensure full employment. If that money is created as loans to businesses it will result in investment; to the government, in lower taxes; to homeowners, in house price bubbles, but if it is created as consumer credit it will result directly in consumption, which has the greatest social benefit since it is the purpose of an economy to enable consumption.