>>62685878
An economist at my university celebrated helicopter money, but he thought it was all Biden. When I told him it was Trump he was obviously disappointed.

Yeah it's like a debt jubilee. The marginal utility of x-thousand is greater for poorfags than for richfags, and since prices don't/can't adjust quickly, it's not bad perhaps. Of course it's not something to celebrate but it's better than the money going to banksters or the central bank buying depreciating assets

>>62685878
>How come it's only recent phenomena
I think this is simple but idk for sure. Logistically it was a lot harder to get money to 'everyone' in 1980 than in The Current Year

Ofcourse the money ends up witj banks and corporations anyway because poorfags will spend 100% of it

Also the 2008 GFC print impact was buffered by various factors that made moneyboys think they can get away with it

>>62685878
>And will continue to do for non stop
Economists now think it's akshually bad because it caused anusraping inflation after the meme flu
Of course the austrians were right all along but nobody ever listens to them because of public choice theory

The purpose of governments it to run social support programs (roads, police, building inspections... and the big one: pensions).

The taxation shortfall of to fund these social support programs is funded by inflation (aka the creation of new debt money by central banks).

It's just part of making society work. We can't have retired people running out of funds, so we need inflation and taxes to fund it.

If people wanted a low tax rate country, then people would have to keep strong families that didnt need to support single mothers and pensioners. If retired parents were expected to live in the home of their children, they wouldn't be striving their whole life to get a 100k pension.