Wednesday, November 30, 2016

Helicopter money -- big mistake -- make more buses #farefree instead

Thailand Is Giving Cash To Low-Income Families To Help Fix Their Economy: "In a bid to combat this and kickstart the weakening economy, the government has approved plans to give low-income families a one-time payout."
Capitalism is a trickle-up economy. That is why austerity makes things worse. But pushing money to the bottom is equally risky as it could lead to devaluation/inflation. Here is a chance to change the culture and reduce the wasteful private auto. Thailand already has many fare-free buses. This plan should be expanded instead of handing out money which might be spent on cars.

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