Ohh, in Sweden we gave it all away. No loans. It all sprinkled upwards creating many more millionaries. Now we are all enjoying the inflation that you get from printing new money and giving it away.
If the money was given to help people who weren't working due to COVID-19 to pay for necessities such as housing and food, then it is not extra spending than would normally be spent so it shouldn't cause inflation. Perhaps too much money was given or it was given to people who didn't need it. It doesn't need to be a loan to not cause inflation.
We have work insurance, sick insurance, and social funds in Sweden so if you are a drug addict you don't have to live on the street, you get enough to afford a cheep apartment and noodles. The COVID money went to companies, who mostly used it for stock dividend, or buying a sports car. They made pinky finger promise not to fire the staff, but then they did it anyway when rent went up to further increase the profits. Because of work insurance you are not kicked out on the streets, but you will have to sell your house and move to a cheaper place, basically pushing you down to the lowest level of the social ladder, meanwhile those on the higher ladder got pushed up. The shrinking middle class are paying for it all via high taxes and high inflation.
timbit42|1 month ago
z3t4|1 month ago