Phatguysrule
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Giving money to the people would have kept the economy going and allowed it to better adapt.We should not have shutdown the economy. Giving it to the people would have caused as much inflation, probably more. But the fact that most of it went to big corporations was just abysmal on many levels.
The whole thing had a let's turn on the money printer and pass it amongst our friends feel to it.
The money that corporations kept out of the economy prevented us from pivoting as efficiently as we could have.
But it's been very clearly proven that the states with the most restrictions had far lower excess mortality rates during COVID. The restrictions worked incredibly well.
Had we simply made sure that money went to the people we'd have been far better off.
Inflation came from the retiring boomers (which peaked in 2020, this advanced a bit thanks to COVID, but would have happened within the decade anyway), corporate greed, and Russia running out of Soviet era materials to sell at rock bottom prices.
There was no policy that was going to change that. Maybe you could have delayed it by being better prepared for COVID and not ignoring it for so long, but that would have just delayed it.
We had 30 years of record low inflation due to cheap Chinese labor (which is now gone forever) and liquidation of the USSR assets (also mostly gone). Inflation was going to come back this decade. Especially with boomers retiring.