Look up the definitions for sarcasm and satire, or skip to the end of the article. A lot of Americans are complaining about a $600 economic stimulus check (click here if you aren’t in the loop), and I suppose I understand why. Unemployment is up, opportunities have been lost along with small (and not so small) businesses, and salaries have been cut. But really, what is the stimulus package going to do? What is it supposed to do? If it is raised to $2000 dollars, will it help much more? Of course, but not for the long term. Really, the package is meant to fuel the domestic (and to a lesser extent, global) economy, meaning they kind of expect everyone to blow the $600 (or $2000) on food, toys, tech, etc. It will help very few people out of a crisis, but it will help some.
I can see the $2000 check allowing a few very low income individuals make ends meet until they secure additional employment. But there are already systems in place to make that possible, such as unemployment benefits. If only a third of Americans get a $600 check, you’re talking about something on the order of $100 billion dollars in cash out of Uncle Sam’s pocket. In truth, a stimulus package is not for the individual, it’s for the health of the entire system. It is meant to bolster overall cash flow. The potential problems with this come from the fact that Uncle Sam took out a fourth mortgage on the nation to give you the check.
If you want to heal the global economy, go progressive. The paper economy is a system with a clear endpoint. With inflation, debt, and lack of proper backing (though it is largely backed by oil, indirectly), it just can not be sustained forever. But then again, there are finite and inflation proof (as well as being non consumable) resources out there. For anyone confused, I’m saying any economy where you can create more currency without a limit to the amount will always inflate and eventually become unusable. Minimum wage goes up, but employers can’t pay it, quality goes down and prices go up. Inflation is a symptom of death. It’s like aging. It is very literally the economy spiraling out of control while the government attempts to follow it.
There has never been a global economy before (as there is now), and no one knows how to handle it. Almost no one. When the dollar was backed by gold, things were a little better. There is not an infinite amount of gold, and we use it up. Eventually, the dwindling resource becomes a limit to how we can trade. But then, for any economy to work, the currency needs to have value to the individual, and it holds value because not everyone can have as much as they want. In our current economy, products drive commerce. We want things people make because they’re cool to have, and not everyone can have everything. For this reason, we don’t need to base trade on a natural resource like gold. We use gold in jewelry and technology production. It’s a resource that should be protected.
So what now? If inflation continues, debts are not payed, and Sammy prints dollars that didn’t exist, the system will eventually cave. Fights are almost always about money and resources (including land). In couples, families, and between nations. The answer is to use the finite, non consumable resources we have to manage trade and commerce. Digital currency does this, and because it already has value in dollars, it has already won. The transition just hasn’t completed itself. Digital currency is already integrated into the economy, and because it is a unique resource that has never existed before, it will eventually have a unique impact. The thing that I would personally prefer to avoid is a giant economic crash (or war) over paper currencies that really no longer hold any real value (except that everyone still holds differing amounts). I would advise the government to get the proportions going now. Start paying people in ether, bitcoin, or whatever. They’re all linked together as well, and while you can create new coins, you can’t create value. No one will take most of the coins, and the small ones will lose their value…….
Nevermind. I just talked myself out of this being a good idea. Unless everyone holds a little bitcoin, and the other digital currencies hold no value, you face the same problem as with paper money. Let’s just spiral out of control forever and hold it together with empty promises and lies. Give us $2000, please.
***Don’t read this part: What I’m saying is the system is what it seems like. A bunch of random people hold more of an unnecessary and invalid (but globally used and in many cases inherited) currency than everyone else, and they decide how to give it to you, and how much you’re allowed to have. This becomes incredibly clear in stock market operations. No, we’re not all valued fairly (not even close). Yes, it’s absurd that people are going hungry. Yes, there is enough to feed everyone. Yes, people turn to careers in crime because they don’t have their needs met, or know they’re undervalued and lack respect. Some people just don’t have anything else going for them. Yes, other people just make bad decisions, even and especially when they have everything or more than they need. In general, cleaning up depressed urban or suburban regions would decrease crime, especially if the residents were given jobs in the community. Losers exist because of winners, and they will always turn to drugs to get the illusion of accomplishment and satisfaction that the winners who beat them get naturally by winning. The top will always control the bottom unless the muscle turns and forces the top to share. Communism, no. That’s another philosophical topic, especially considering the potential end to the energy crisis. How do you manage the people when you have enough energy to do things like create gold from dust? 3D print food? Not everyone can handle life when everything is handed to them. Plenty of rich celebrities go down in flames when they have everything. The same would be true for many in a post capitalist world. When do they stop asking for more? Right now, there are things to clean up and people who are undervalued. Work hard and do what you can for yourself and the people around you.***
In case you missed it, give us $2000, please.