Post
Topic
Board Bitcoin Discussion
Re: Bitcoin, Capitalism, Democracy and Decentralisation
by
NotATether
on 25/08/2021, 04:30:40 UTC
Definitely not an economics expert, but yea I think this pandemic is one of those "events" where money printing is actually justifiable. But idk, maybe they're doing it a bit too much? If I understand it correctly the stimulus money is for the jobless lower class to have money to continue living; but then I've been hearing statements about people refusing to get jobs because they receive money "for free" anyway.

A crapton of that printed "stimulus" money was laundered away by various criminal groups masquerading as fake American citizens so yeah, they could've done by with much less money printed since a lot of it just ended up being stolen (or wasted on leisure by real claimants) anyway.

I doubt a bitcoin standard could've changed anything about this, especially considering nobody enforced lockdowns or vaccines harshly enough (I mean come on, it's a pandemic we're talking about not some different strain of influenza).