Post
Topic
Board Bitcoin Discussion
Re: Bitcoin, Capitalism, Democracy and Decentralisation
by
Kong Hey Pakboy
on 25/08/2021, 09:40:24 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.
It's justifiable to a point but there should be a time that they think of other solutions. For me, the best response would be to deal with the food shortage, unemployment rate and the response to the pandemic first to help with the prevention and at the same time satisfaction of the people with having their needs fulfilled. I don't think that bitcoin could've done any better because it's only a financial tool, it's not like bitcoin can create a cure for the virus.