Uh isn't giving everyone checks for $1200 just gonna cause hyperinflation
Uh isn't giving everyone checks for $1200 just gonna cause hyperinflation
No.
yes they can't just print wealth
Maybe. The economy is so fucking fake that it probably won't even affect it.
On unemployment now. Do I get extra money now?
So does increasing minimum wage or giving money to Africa
>tens of trillions spent on military to fight goat fuckers with $300 AK-47s in the Middle East
>everyone:
>2 trillion spent to save the US economy from collapsing
>double digit IQers: OH MY GOD THE END IS NOW
Not when 20% of people die
>fed prints 5 trillion in the last month
>oh vey isnt giving the people 150 billion gonna cause inflation?
stupid fucking kike fuck you
>yes they can't just print wealth
Wealth is ownership not gold stocks.
It it's a recurring monthly $1200 then yes absolutely
If it's just a one time deal then I'm not worried about it
>500 billion directly to corporate kikes
>150 billion to the people
oy vey giving to much to the goys
Let’s see. Canada is doing more than that, on a UBI test.
Stay tuned.
why do people think this money is poofing out of nowhere
It's a tax rebate against money you make this year retards
If no one is making money or spending money... no.
But what it does is weaken the dollar in the long run. Makes fiat currency even more meme centric and causes the deficit to sky rocket bringing about the insolvency of the USA.
It's not though
I dunno they gave the banks and wall st billions a decade ago and it didn't
Hyperinflation was disaster capitalism used by neoliberals to break the new deal.
Trillions*
It’s not tho
Bush did the same thing during the recession, money isn’t taken out of your tax returns
He gave everyone $800
The 1200 dollar checks are
If you didn't file for the past two years you can claim this as a refundable deduction on your taxes next year and get it at tax season
150,000,000,000 * 0 = ???
>Uh isn't giving everyone checks for $1200 just gonna cause hyperinflation
how are you going to get hyperinflation when there is already hyperinflation?
A one time check for $1200 in 2-3 months isn't shit, so I would hope not.
money is not real...fiat currency means you can control inflation but going BRRRRRRRRRRRRRRRRR
No, because $1200 isn't that much money. The American people would have made many times that much money during this crisis.
who even cares anymore
Peasant Bux®
My job is essential, also I’ve been getting so much overtime since all this panic started, now I’m getting $1200 despite all this extra income
My my. Retail pill is BASED
FOR THE LOVE OF GOD SHUT UP.
THIS ISNT GIBS, ITS AN ADVANCE DISTRIBUTION OF A CREDIT ON OUR 2020 TAX RETURN.
WE ARE BORROWING FROM OUR FUTURE INCOME.
KILL. YOUR. SELF.
The governmwnt hasn't shrunken. This "tax refund" is going to come back and bite us, and has to be paid for.
How can you borrow from the future, the future isn't real lol
Inflation occurs when demand outpaces supply. In modern rule-of-law economies supply can keep up naturally. In countries with extreme corruption or poor infrastructure supply is unable to meet the new demand increase and prices skyrocket as a result. So long as the country stays somewhat functional this won't change anything. Plus it's a small amount of money when viewed in a macro sense.
>This "tax refund" is going to come back and bite us, and has to be paid for.
Maybe "refund" isn't the right word, it's a credit against taxes you would pay this year, so yeah it's going to be payed for when people do their taxes in 2021 for fy2020
It would if everyone was working at normal capacity.
depends if you made any money last year
Gold is money because you feel that it is valuable.
Fiat is money because people feel that it is valuable.
No
They're crashing the dollar on purpose.
Yes but it's actually a few trillion spread over 15 years. This bill is 2 trillion in half a year.
>k
go back
What am I wrong about?
>If you should have gotten a check and didn’t, or if you should have gotten more than you did because the IRS didn’t know something important (like you have a kid), you should get more money. If the numbers on your 2020 tax return suggest that you got more than you should because of your income, you should not have to pay it back. Don’t worry: most taxpayers should get just the right amount.
Bullshit you fucking Trumpnigger shill
The Fed has been printing shit tons of money to keep interest rates low, this is nothing new
yes and the reason behind those confidences are the topic of debate
seems like a bit of a bait and switch honestly compared to what the corporations and banks are getting
>wealth
>$1,200
Are you smoking crack?
$1200 for everyone is literally pocket change.. look at velocity and the M2 supply,that'll dictate if and when hyperinflation is upon us
wtf are you getting at?
$1,200 X the population of the U.S.
This action is being touted as a stimulus
No, but it won't help anything either. I don't know why the government thinks sending everyone a $1200 check will help "stimulate" the economy when we KNOW that money is either going to go towards food and bills for another month or it'll go into savings and sit there. Who in their right mind is going to go "out on the town" or any fucking shit like that when there's a pandemic among several OTHER issues in the world right now, like food shortage, water shortage, increasing medical costs, increasing taxes, etc.?
This is just a band-aid. It's not a solution. Come another month from now, everyone will be in the same position that they're in right now, unless something major changes between now and then.
Also, this money won't come free. Anyone expecting it to is retarded. We will get taxed or billed the money later on. Nothing is free, we are all taking out small federal loans by cashing in the checks.
I thought the grand total that passed aggregated to two trillion
With all the pork, I'm going to find a way to pay as little in taxes as fucking possible from now until the day I die.
The idea that things like increasing minimum wage or providing stimulus checks will cause inflation is a complete misunderstanding of economics It's an attempt to apply broad pithy sayings to real life where the messy details get in the way.
The faulty logic goes like this:
If everyone has more money, demand will go up.
If demand goes up without an increase in supply, prices go up.
This is called demand-pull inflation.
Here's the problem with the idea that higher minimum wages or stimulus checks lead to demand-pull inflation: IT DOESN'T INCREASE DEMAND
See, demand for things like food and housing aren't based purely on how much money people have in their pockets; especially when we're talking about only providing more funding to the poorest among us. Everyone needs a roof over their head. Everyone needs three squares a day. By increasing the purchasing power of those on minimum wage or the victims of the ongoing crash you don't cause demand-pull inflation, you reduce debt and reduce starvation and reduce homelessness.
That's what I've been saying.
Sure is.
>econony is stronger than ever
>24 trillion national debt
>thinking emoji
he has these levels of understanding related to large numbers and division/multiplication
Art thou a noble? Swerve thee from my path
So? They're printing $6 trillion anyway, at least I get a few shekels out of it this time.
>This bill is 2 trillion in half a year.
It won't be the first.
Isn't it textbook corruption? Why noone talks about this shit?
1200$ to the working people is a drop in the bucket compared to what corporations are getting.
Hell: they are even getting 85,000 additional pajeets to help them through the corona. Us? We are on lockdown.
no
kek
Who cares? The country is (and world) fucked at this point. The globalists have taken over, it's end game. They won. Welcome to the New world order. I tried to warn you people but nobody would listen
A drop in the bucket..we'll just have to sell another order of defective F22s to Saudia Arabia...
It’s only people who paid taxes that’s gotta be less then half the population
Double instancing of hyperinflation = quantuminflation