This is an interesting strategy, has anything like this been done before?
Current monetary policy only thinks about how to get more spending power into the hands of a consumer(lower interest rates, tax cuts, stimulus checks), but now we're seeing the state try to get consumers to spend more by giving them more time to spend what they have.
I wonder why they would resort to this tactic, can't they just print more money?
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[ 4.4 ms ] story [ 11.5 ms ] threadCurrent monetary policy only thinks about how to get more spending power into the hands of a consumer(lower interest rates, tax cuts, stimulus checks), but now we're seeing the state try to get consumers to spend more by giving them more time to spend what they have.
I wonder why they would resort to this tactic, can't they just print more money?