this post was submitted on 05 Nov 2023
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Leftism

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[–] Phrodo_00@lemmy.world -4 points 2 years ago (1 children)

South American experiments with printing money make the studies hard to believe. You can't simply give people money without causing a devaluation in said money. You have to take it away from the market somehow (so, tax the shit out of the rich)

[–] unfreeradical@lemmy.world 9 points 2 years ago* (last edited 2 years ago)

You can't simply give people money without causing a devaluation in said money.

The government surely can.

The government has the power to levy taxes.

The government has comprehensive powers for regulating the value of currency, through control over the money supply.

At any rate, the government printing money for workers cannot possibility be worse for workers than the government printing money for businesses, as it is doing now.

I suppose, though, you might take comfort in how inflation now is being so effectively prevented, instead of causing needless human suffering.