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To: rintintin

This money will go back into the economy and that means retail sales and that means workers...etc etc.


8 posted on 12/28/2020 3:14:29 PM PST by Sacajaweau
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To: Sacajaweau
This money will go back into the economy and that means retail sales and that means workers...etc etc.

How much goes back into the US economy if you use it to buy something made in China and sold on Amazon? 5%? 10%

It does go back into the economy, but not necessarily the right one.

20 posted on 12/28/2020 3:22:51 PM PST by Wayne07
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To: Sacajaweau

“This money will go back into the economy and that means retail sales and that means workers...etc etc.”

If you want to grow the economy you need to increase the supply of goods and services not the demand for them. If the economy produces a pound of bacon dumping more fiat currency into it only increases the cost of your pound of bacon and nobody actually eats any better. On the other hand if you produce two pounds of bacon the very process of producing the bacon increases demand because someone had to raise the pig and butcher it and package it and the people who did that will then have the means to buy the bacon.

While I will welcome my $2K check I am under no illusion that it will in any meaningful way boost the overall economy.


107 posted on 12/28/2020 5:03:22 PM PST by your other brother
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