I understand the principle behind the concept but believe it lacks depth and is a bandaid for a systemic problem. If you’re struggling to make ends meet there’s been a failure giving you more money isn’t going to solve.
You’re 100% right the cost of living is far to broad to make assumptions about which areas it would impact at scale but the net idea of you increase monetary supply and capitalism does what it does best.
It sounds good in a vacuum but when you take a step back and think about it in aggregate at national scale with monopolistic national supply chains that are poorly regulated I might add see fixing the price of bread 😂 it’s going to be something we can pat ourselves on the back for but is a big nothing burger :(
I understand the principle behind the concept but believe it lacks depth and is a bandaid for a systemic problem. If you’re struggling to make ends meet there’s been a failure giving you more money isn’t going to solve.
You’re 100% right the cost of living is far to broad to make assumptions about which areas it would impact at scale but the net idea of you increase monetary supply and capitalism does what it does best.
It sounds good in a vacuum but when you take a step back and think about it in aggregate at national scale with monopolistic national supply chains that are poorly regulated I might add see fixing the price of bread 😂 it’s going to be something we can pat ourselves on the back for but is a big nothing burger :(