To Fix The Economy, Let's Print Money & Mail It To Everyone

[MFrohike]

46. Ok, you are plain wrong

"It has also been proven that if you increase the money supply without increasing the supply of consumer goods you force prices up. "

Actually, no, that has never been proven. Not once. Why? It's a completely nonsensical statement. The issue is not the supply of goods and services, but the productive capacity of the economy. Sure, you would probably get a short-term rise in the price level due to a temporary shortage, but let's not pretend that an economy like the US, with its massive domestic productive capacity and global supply chains, would suffer more than a mild and temporary hardship.

The difference between inflation and a rise in the price level is subtle, but real. Expectations define inflation. When you argue that a one-off transfer payment to the citizenry will somehow create inflation, you sound like an Austrian. I don't mean to insult you, but it's a really ignorant argument to make. Did the Bush tax rebate back in 2001 create an inflationary cycle? No, it didn't. This suggestion is much the same, though it seems to be of larger scale.