haxxiy on 01 September 2017
| JRPGfan said: "would grow the economy by $2.5 trillion" and how much would it cost to give "every adult" 1,000$ each month, for 9 years? |
25.92 trillion, assuming the adult population remains constant.
From an economic standpoint, this is just about the worst investment imaginable, with a 90% loss on expected return. The whole point of debt is to expect future profits to compensate current losses; no sane government would do this. It's not like americans are wallowing on poverty and famine either, so it doesn't make sense on humanitarian grounds too.
Not to mention inflation is the most obvious outcome, such as it is everytime earnings increase more than productivity.
