/biz/ - Business & Finance

>>18524521
Old Paradigm:
How the fuck do we pay for all this? Won't this devalue the currency? We have so much debt! Just let people work! We should go back to the gold standard.
New Paradigm:
> $1 = $1. Fuck gold, US currency is backed by 3 commodities already- The threat of the USA bringing your country "freedom", Oil, and atomic bombs, in that order. We owe nearly all of the debt to ourselves, and are literally writing ourselves IOU's. Since we're the world reserve currency, it doesn't really matter how many dollars are out there. Physical currency entering circulation and devaluing the dollar doesn't really exist, since 99% of transactions are all on a computer anyway. People will spend the money on shit they would have normally bought anyway, keeping the system running. This can be a massive UBI test. Keynes is dead, we post-industrial economy now.

I don't even know if I'm joking when I typed that. More stimulus checks are likely, though. I see this bill passing in some form.