"Lockdowns are working"

submitted by zyxzevn from i.redd.it

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[–]BigFatRetard 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

I hope you remember how much you wanted all this when we arrive at a period of stagflation because you used a demand side stimulus to try to deal with a supply side shock.

One of my criticisms of Trump is he wasn't willing to take the crack pipe away, so he spent more money in 4 years than Obama spent in 8 trying to stimulate an economy that didn't need stimulation, that was already past max employment.

A lot of people are going to lose their homes when all this "stimulus" catches up with us, and interest rates quintuple. Taxes will rise a lot for the middle class, and it's all going to bankers -- despite paying higher taxes services will plummet. Ask someone from Venezuela how perpetual stimulus feels. Crack cocaine is a stimulant too, and it feels great until it catches up with you.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

that just kind of gets ignored cuz trickle down economics was proven time and again to be fake

stagfation would be fine, we want deflation tho, thats hard and likelt to never happen tho, there is always a lag, you give people stimlus money, ok so they have more money companies know this and raise prices so you have inflation, well that just means you need more stimulus, rinse and repeat, but neoliberal economists will argue against this because ultimately and what they don't want to say publically is they just want to help the rich, since the rich fund them. No one funds legit socialist economic theorists.