@dragonfrog @icanbob @avilewis Unless there’s a supply persistent supply shortage, that isn’t going to offset the increase in produced value. It might impact prices of those particular goods, but that isn’t inflationary by definition.
J
janef0421@mastodon.nz
@janef0421@mastodon.nz
Posts
-
Striking that the Liberals and Conservatives offer the same response to pain at the pump: siphon money out of the public purse instead of Big Oil’s profits. -
Striking that the Liberals and Conservatives offer the same response to pain at the pump: siphon money out of the public purse instead of Big Oil’s profits.@dragonfrog @icanbob @avilewis That’s an incomplete analysis. The value of money is determined by the supply of money relative to the amount of value available to be purchased in the economy. As a result, printing money for public investment does not cause hyperinflation, because the additional value created by investment at least partially offsets the increased money supply.
-
The main reason to have free public transport in an energy crisis is fuel conservation, not any sort of cost relief.The main reason to have free public transport in an energy crisis is fuel conservation, not any sort of cost relief. If something is free, more people use it. The more people use public transport, which is more fuel-efficient than private vehicles, the less fuel is consumed. That reduces the intensity of the crisis.
Many people would not directly benefit because public transport is not practical for them. Some people who are relatively wealthy would directly benefit. I don’t think either of those facts are relevant, because the policy is not being proposed on the basis that it would relieve costs for individuals.