Quote from: theymos on May 20, 2021, 11:55:46 AM

Quote from: paxmao on May 19, 2021, 09:53:34 PM

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Our economy may be efficient enough nowadays that it might be able to survive giving everyone $xxxx/month, for example, though that would definitely reduce economic growth. And if this "free money" grows beyond the point where the economy can bear it, you'd see price inflation and shortages.

I guess the first test will be paying the bill of the X$ a month given to people during COVID. And let us have no doubt, this bill has not been paid yet and will not appear evident until the money starts circulating full speed and creating the inflation that CB just cannot afford given the debt of most countries. Who wants to bet on when and how intense the bill shall be and how will affect the average joe with a mortgage larger than life?