wouldn't giving everyone $10,000 be about the same as giving everyone nothing since it would cause inflation?
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wouldn't giving everyone $10,000 be about the same as giving everyone nothing since it would cause inflation?
Yes. Whoever gets it first and spends it maximizes benefit from it. He who gets it last realizes very little from it because of inflationary price increases brought on by early spenders. The velocity of money would go through the roof.....think Venezula.
no inflation is a monetary phenomena, as long as the cost is paid for it would not cause inflation or not much. If we just print the moeny that would cause inflation. The way I undesrstand it inflation is a increase in the money supply without a concurrent increase in the utility valued by the market.
Or Tron becomes the world's richest man.