Feb 14 2021
Republicans are always reluctant to help out the working class, especially when it involves giving them money. In emergencies like this one, the U.S. government can simply print the money the country needs, as we have seen. Republicans claim that this will cause rampant inflation and collapse, but there’s a factor that nobody mentions.
Most of the money that’s currently in circulation is not actually in circulation. It’s in the possession of insanely rich billionaires, who keep it in offshore accounts and foundations so it can’t be taxed. Printing more money to help people avoid bankruptcy and keep our entire economy from collapsing isn’t going to cause inflation. New money will eventually end up languishing in those same offshore accounts, but first it will allow people to pay their rent, keep their businesses afloat, and buy things, stimulating the economy.