dChan
Anonymous ID: eece31 March 11, 2021, 12:03 p.m. No.13187424   🗄️.is 🔗kun   >>7431 >>7483

DEFINEHELICOPTER MONEY

Helicopter Money is a type of monetary stimulus that injects cash into an economy that is in a liquidity trap as if it was thrown out of a helicopter.

 

DEFINEUNIVERSAL BASIC INCOME

Univerisal Basic Income (UBI) is a government program in which every adult citizen receives a monetary stimulus on a regular basis.

 

DEFINECOVID STIMULUS CHECK

COVID stimulus checks are in fact monetary stimulus payments for citizens.

 

ALL of these definitions, no matter what term is being used, a monetary stimulus in a fiat money environment has the following effects:

 

  1. Fiat money is inflationary. Its buying power dwindles over time, and history has shown that this entropy is almost as irreversible as gravity.

  2. Fiat money enriches a select few at the expense of many others. Fiat money lures states, banks, consumers and firms into the pitfall trap of excessive debt.

  3. Central banks suppress market interest rates and prints up new fiat money to prevent overstretched banks and states from defaulting on their payments.

 

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