Holds true for stocks and cards

[SAllen2556]

If the stimulus is generated by just printing money, then it's not a stimulus, it's a politician's way of raising taxes. I thought that as the supply of money in the economy grows, the value of that money decreases and we get inflation.

Government created inflation is a form of tax because it takes more dollars to buy something, but, what makes it worse for you guys advocating that "we give money to folks who really need it", is that it taxes everyone - rich and poor. We're already seeing inflation due to certain shortages. It's only going to get worse the next 5 years, and eventually, interest rates are going to have to rise to keep up with inflation. And when interest rates rise, poor people are further hurt.

And this is a direct result of government spending money it doesn't have. Doesn't anyone ever ask, "Where is this money coming from?"

[Johnny630]

Originally Posted by SAllen2556

If the stimulus is generated by just printing money, then it's not a stimulus, it's a politician's way of raising taxes. I thought that as the supply of money in the economy grows, the value of that money decreases and we get inflation.

Government created inflation is a form of tax because it takes more dollars to buy something, but, what makes it worse for you guys advocating that "we give money to folks who really need it", is that it taxes everyone - rich and poor. We're already seeing inflation due to certain shortages. It's only going to get worse the next 5 years, and eventually, interest rates are going to have to rise to keep up with inflation. And when interest rates rise, poor people are further hurt.

And this is a direct result of government spending money it doesn't have. Doesn't anyone ever ask, "Where is this money coming from?"

Agree 100%