80
Comments (11)
sorted by:
2
NotWinston 2 points ago +2 / -0

A lot more than 1.9!

2
Handshakemilkshake2 2 points ago +2 / -0

avoid this and make the treasury dept send you a check, dont allow them to just deposit money in your account. hold those mailed checks to show you never cashed them, or, write "Return to Sender" and "Offer Refused". Because that's what it is, an unsolicited loan, one that everyone who doesnt return the money is liable to repay plus any interest they almost certainly attach to it.

0
MAGAconvert 0 points ago +1 / -1

Inflation doesn’t happen by stimulus. It happens by the printing of money or to a lesser extent an increase in prosperity. Simply moving money from one person to another might at best cause a temporary increase in prices but Even that is unlikely and it will quickly return to normal.

1
Handshakemilkshake2 1 point ago +1 / -0

Where do you think stimulus money comes from, China?

1
MAGAconvert 1 point ago +1 / -0

From taxes and borrowed money of course.

1
Handshakemilkshake2 1 point ago +1 / -0

And when borrowed money is created we get inflation through debt

1
MAGAconvert 1 point ago +1 / -0

No we don’t. Borrowed money isn’t created, it’s borrowed. It doesn’t increase the money supply, it only moves it around.

1
Handshakemilkshake2 1 point ago +1 / -0

I get where you're coming from but not where you're going. Money has been created by debt notes from the fed for over 100 years in this country.

1
MAGAconvert 1 point ago +1 / -0

Money isn't created by debt notes, the government just instructs the feds to print more money. Granted they could just request them to print a whole lot of money, but they've always been pretty responsible in this area and kept it to a minimum (I personally think they shouldn't print any money unless they are destroying old money or putting gold or something similar in permanent storage, but that's off topic).

When the government borrows money they do so by issuing Treasury Securities. When you buy one of these securities you are in fact loaning money to the Federal Government. The money is taken out of your account and placed into theirs - hence the movement of money, not the creation. When the security matures the government repays your principal plus interest. Again this is just a transfer of money from their account to yours.

1
Handshakemilkshake2 1 point ago +1 / -0

When the fed prints all that money it goes into the money supply, which inflates the volume of federal reserve notes not treasury notes in use. Who purchases anything in treasury notes? Treasury notes are the request for FRNs to be printed.