Retards who don’t understand economics have this saying:
The carpenter can’t run out of inches
The stadium can’t run out of points
The airline can’t run out of FF miles
And the USA can’t run out of dollars
Inches are a unit of measurement. The carpenter is using that measurement to count how much lumber he has. He can’t run out of inches, but he can run out of wood.
Points are a unit of measure. It is a way for sporting events to measure the success of the team in achieving it’s objective. The stadium can’t run out of points, but teams can be unsuccessful and not receive any.
At a macroeconomic level, money is also a unit of measurement. What the morons who support modern monetary theory don’t understand is that the money in circulation is a measure of a nation’s productivity. If the total of all goods and services produced by a country is far exceeded by the money in circulation, that money becomes worth less, and you get inflation.
Let’s illustrate this by pretending that the US government has just mailed a check to everyone in the country in the amount of ten million dollars. Now everyone has millions of dollars and has just decided to retire. Cool.
Now where are we going to get food from? The guy that used to work at the grocery store, or the woman who worked at the coffee shop no longer works there. Everyone has money, but nothing to eat. At this point, food has far more value than does money, and your $2 can of soup now costs $100,000 because no one is making any more of them.
That’s why seeing things like this really makes me shake my head in wonderment:
Universal Basic Income is basically what we had during COVID. Everyone received tons of money. They got free checks, free PPP loans, the government was basically dropping cash from helicopters- about $5 trillion dollars hit the US economy. Everyone got three checks totaling $3,000 or more in the space of a year. What did that do?
Universal Basic Income (UBI) would be like that, but on steroids. They want everyone in the nation to get checks from the government of $12,000 a year- 4 times as much as was sent out during COVID. Now ask yourself what will happen when this is happening on a constant basis.
Tyrone and Shaniqua will take their checks and try to buy some ribs and gold toofuses. The problem is that this massive outlay of money means that everyone wants ribs and gold. So the cost of ribs and gold, as well as everything else, will skyrocket.
The people who are poor will still be poor, despite the fact that there are more zeroes in their bank account. It’s just that so many people in this country are completely ignorant of this fact.
You better hope that the government runs out of inches, because they are going to be giving you every one of those inches, good and hard. Robin and Jessica won’t be the only ones getting fed those inches.