It baffles me that people still believe in trickle down economics. The economy is fueled by the middle and lower class spending money. When they don't have money to spend, the economy does poorly.
I mean, wouldn’t spending the money in a few weeks be the objective of sending stimulus money anyways? Storing and investing the $600 for a few years wouldn’t really do the economy any good now.
seagoddesslady on January 1st, 2021 at 21:15 UTC »
It baffles me that people still believe in trickle down economics. The economy is fueled by the middle and lower class spending money. When they don't have money to spend, the economy does poorly.
ElderBop on January 1st, 2021 at 21:18 UTC »
I mean, wouldn’t spending the money in a few weeks be the objective of sending stimulus money anyways? Storing and investing the $600 for a few years wouldn’t really do the economy any good now.
Wrong2wrong2 on January 1st, 2021 at 21:36 UTC »
Well if anyone could turn a 10x return consistently every “few years”, they’d be the richest person on the planet.
And this person doesn’t know what multiplier or velocity is.