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2026-07-06 16:51:43 GMT
in reply to

Laeserin on Nostr: Yeah, Bezos stimmies would have the same inflationary effect as the Trump stimmies ...

Yeah, Bezos stimmies would have the same inflationary effect as the Trump stimmies did. The money came primarily from monetary inflation. If spent, it is merely to release this inflation onto a market with no way to absorb it calmly.

The only reason we don't have $100 loaves of bread, already, is because the Cantillon Effect meant the excess money went to people who didn't spend it on consumer goods; they spent it on houses, stocks, gold, etc. So we can still afford bread, but not housing.

If they try to spend it by donating it, they flush their inert money into the larger market, increasing monetary velocity. So, they try to release it in drips and drabs, but even that blows everything up.

It's complicated.