Post
Topic
Board Economics
Re: Since jobs are unlikely to return, Do u think there will be a 3rd $1200 stimulus
by
Lucius
on 06/08/2020, 14:08:01 UTC
If policy does not change in terms of how to help ordinary people and the economy then stimulus checks will still be an option that policy will use as a solution to the current situation. Although this way of distributing money is not popular due to its long-term consequences, it is the easiest choice for which one should not be too smart at a given moment.

People are starting to realize that this strain of coronavirus isn't some second coming of the black plague, and businesses are starting to reopen (at least in the US).

People have already figured this out in Europe, from complete locking to coexisting with the virus under protective masks in all enclosed spaces. In fact, it is a simple choice made by governments, but also by ordinary people - a risk that we must all accept, or the fact that the whole system will collapse and that general chaos will break out.

But yeah, as far as that money printing press goes, it worries me.  Someone is going to have to pay for all of these stimulus checks eventually, and we all know that someone is going to be the taxpayers.

All debts come due sooner or later, the only question is whether it will be in 5 - 15 or maybe 50 years, which would mean shifting the burden to some new generations. I am glad that my state did not give me anything, because I would probably have to give them back ten times more, so it would be a very expensive help.