Understood. And, that makes very good sense. Hopefully, the relief part gets where it needs to go, too.

People have every right to spend their money as they see fit.

Of course, they do! That wasn't my point, such as it was.

You are dabbling at a very simple level in the domain of Purchasing Power Parity Theory/Modeling. That approach is extremely sensitive to how you set up market baskets, how many players you have, and how much information the players are assumed to have at any point in time...etc etc. The devil is in the details. You aren't giving any details to back up your conclusions. Political parties in or out of power are going to favor models that help their constituents. Oh my, oh my!

I am sure that ya’ll will be so much happier getting that taken care of... and it helps stimulate the local economy while helping you to save money in the future! Win - Win without a doubt!

Liz [17 & 18]

People have every right to spend their money as they see fit. Hiring local companies that might be desperate for work seems like a good way to help out!

A bold statement considering the soft nature of economics as a science and the lack of the ability to prove by experiment in any meaningful way. I would have the subjects reversed in your quote above...

Bitcoin is not money, it's more nearly equivalent to a precious metal, in its ability to function as a medium of exchange. however I claim no knowledge of it.

The laws/principles of economics are not equivalent to the 'perceived' laws/principles of physics, subject to revision. Far as I'm aware, nobody has ever proven to have an update or revision on the principles of economics, the old "101" version pretty much still obtains/endures, and always will. The MMT guys may claim that "deficits no longer matter", and similar ideas, but those kind of things are always far more a matter of sociology than of economics.

And I know the point of victory laps is not to think ahead for just a minute.

Waiting ... waiting ... waiting ... OK, minute's up.

What about the filibuster? Get rid of it ASAP. It's just not going to work to wait until the 2022 campaign to beg America to vote for more Democrats in Congress to "get more stuff done", entirely on the basis of one large gift package passed in the first two months of the administration.

One word: Bitcoin...

The value (purchasing power) of money is a direct function of the ratio of money in circulation to GDP (physical production of goods and services). Simple as that. And the natural operation of the "law"/principle or whatever is not a function of when somebody first got around to pointing out its existence.

I hope you are right....but Republican are soooo good at the art of monkey wrenching...and dog whistling..while they pretend to work. Biden is savvy, but so are the opposition.

Or did you mean to say "in my immutable opinion, at some point there will be...."

I would have no problem with that.

Which "immutable" laws? References? Something more recent than the 18th century. No microeconomics if you please...this is a macroeconomics problem.

1987 called...

JL

It has been corrected to "Thursday"...

-CW

Believe it or not, there actually ARE some rational and legitimate reasons for being against free money (or I'd prefer to say, some reasons to question the wisdom of the idea) but they are likely beyond the interest level of the vast majority of people, particularly liberal people.

The immutable laws of economics will ensure that at some point, there will be consequences for substituting the creation of massive amounts of new money as an alternative to conventional taxation as the means of financing the gov't. The timing and the nature of the consequences will depend upon the volume of new money created, and the means by which it becomes injected into the economy. Only time will tell.

I hope Biden is able to take the Republicans right out of the bipartisan equation and go straight to the people.
Actually, he could take a page ... er, a paragraph or long sentence out of Trump's playbook in that regard.