Quote:
Originally Posted by PepsiFree
Well you have to do something with it, you can’t just throw it in the garbage and you don’t want to give it back to people, right? So what do you do with it that fights inflation?
Not driving at anything. Pretty straightforward question.
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How about just don’t spend it? Things change, and what seemed like a good idea a few months ago might be a bad idea today.
And the whole “it was in the budget” way of thinking is a different point than what I’m alluding to. The question here isn’t whether we can afford this, it’s about demand. This could’ve planned last year, but when people get the funds today it’s new money to them and they spend it now. Policymakers ought to recognize that this is going to boost inflation, which is what they’re working against here.
I’m not suggesting that there’s an easy answer for them here. But fighting inflation by spending money is a new one, I think.