Participants received $1,000 a month. They took better jobs, went back to school and started opening businesses.
  • BrikoXOPMEnglish
    11·
    3 months ago

    Was it payments that caused it, or was it greed? Because inflation and shrinkflation happened at the same time as record profits for companies. It’s a popular talking point to blame cash payments for inflation, but reality doesn’t reflect that if you take even a cursory look behind the mainstream narrative.

    • hitmyspot@aussie.zone
      11·
      3 months ago

      Supply and demand were both affected. Yes, there was profiteering too. Its complex. However, creating money, which we did, meant a larger demand, which led to inflation. It was worse for some things, especially of supply and bottlenecks were a problem.