Bolivia's leader decrees special Christmas bonus for state agency workers

[Flatulo]

1. If you just hand people money without a corresponding increase in production, you have to

increase the money supply by printing the money, which then dilutes the value of all currency and you're right back where you started.

Why are leftist so such lousy economists? I can understand redistributing existing wealth through the tax code because it's not inflationary, but this puzzles me.

I see the same thing happening in the US with the Fed QE program. They print $85b every month and use it to buy US treasuries. But since nothing new was created, the effect will eventually be to thin out the value of every dollar. The net result is that the dollar buys less.

It sure keeps those votes coming in though. Ain't democracy something?