The Duke
JohnD.Ford
Junior Chimp
Posts: 9,270
Political Matrix
E: 0.13, S: -1.23
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« on: October 01, 2007, 02:44:53 AM » |
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This is Hillary's first good idea in the campaign.
I'm not sure there would be inflation. If one presumes that everyone will spend every dime of their money on consumer goods when they turn 18, then it would, yes (Even then, the consumption would remain a very small share of GDP and therefore any inflation would be minimal).
More likely people won't spend it all at once, they will keep some of it invested. Much of the money that does get spent will be spent on college costs, which means less borrowing for student loans, which actually means less inflation.
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