COVID-19 Outbreak (Update: More than 2.9M cases and 132,313 deaths in US)

bclemms said
Right, it's why the dollar stays strong. It's being compared to other currencies doing the same thing. At some point though, it will all collapse. It could be this afternoon, could be in 200 years. If giving money away didn't have negative side effects, why not just give everyone single person in the USA $75,000 to make sure everyone is taken care of?

WhoDatPhan78 said
I don’t think giving everyone 75000 dollars would be as catastrophic as people seem to think.

Eeyore said
I think that you're right. The money will end up in the hands of the banks and/or the corporations very quickly. I'd pay off my student loans, my car and stuff the rest in the bank. Most would do the same, or pay down mortgages and the rest would bliw it so quickly that you wouldn't be able to tell that it happened at all in very short order.

If you give every American $75,000, a loaf of bread becomes $25 within two weeks.

The entire economic system would fall upside down on its head.

Now, if you rolled out that $75,000 payout over say a 2 to 3 year period, that would help curb the negative effect on the value of the dollar.