[central_va]

The inflationary mechanism is too many dollars pursuing too few goods.

Exactly, so giving a stipend is not going to be "too many dollars".

[DeplorablePaul]

Well you may be right. I would bet that a large percentage of the monthly stipend would be spent on drugs, vodka, in strip joints and gambling. In this case, there would be inflationary pressure on drugs, vodka and lap dances.