My point is the increase in money supply has to show up as a positive in markets so people don't notice inflation and maintain confidence in where "their money" is.
You can't seriously think that companies exist to give people jobs? Theoretically the best company - if you were picking a stock - would have zero employees.
The checks going out in the mail this year has totally busted the idea of the labor market as the consumer base. It's dangerous because they really don't know the outcome, they only know they need to increase the amount of dollars in the system.
Some good points.
Companies don't exist to provide jobs. If an employee is no longer needed then the job disappears.
I think it's inevitable the economy moves towards guaranteed income at some point. Business is becoming more and more automated and less and less employees are needed. The government will distribute monthly payments to citizens funded by business taxes.
Otherwise no one will have any money to buy products.
There are some hurdles to this.
In such an economy you will only still have businesses if the incentive for wealth creation is intact. Otherwise why put in the effort to build a business?
If you have wealth now you must protect your wealth by investing in growth assets. Otherwise inflation will destroy your wealth. This is nothing new.
You also must protect your wealth and pass it down to your descendents, while employing ways to prevent them squandering it.
Some cash needed for liquidity but otherwise cash is trash.
