Message from @Sizeable_lad
Discord ID: 688016729888260100
How does that work
Simple
Print money
There is a federal reserve
Sounds like a loan
Theres no such thing as inflation
Also
Aome of the stuff about economics just really escape me
Also if you drop some extra cash into peoples pockets they go out and buy more shit
Federal reserves opened up to boost the stock market. Its like a safety procedure @Timeward
Overinflation here we go
<:Nice:595347902155718666>
That could be done by lowering taxes
@SideTracker but why
Or giving small amounts of money to the less economically privelaged like australia is doing
@Sizeable_lad you mean asking for less taxpayer cash instead of wasting it? Thats nerd shit.
@Timeward save the stock market, stabilize the economy, mobilize for war perhaps, myriad of reasons to have it in place
dont' give money to poor people. as a poor person i know exactly where that money is going and it's not on essentials
My govt is sending out a 750 aud economic stimulus to low income earnees
I want to know how its done
Doesnt matter what shit
How do the federal reserves pump money
gonna all be spent on toilet paper <:pepelaugh:544857300179877898>
As long as money is changing hands
Do they just dump it
***FUCK YES GIMME ALL DAT POO PAPER***
Do they open the doors to a vault?
Its basically just a big cash reserve they have, like a savings account @Timeward
@SideTracker so basically they just start spending it
Yes
I see.
@Timeward basically
I assume this emergency fund is accounted for in the budget
They open up a set amount of money to be spent on public works and shit
Its specifically for emergency use @Timeward
Build a stadium or something dumb
Creates jobs
And a healthy economy