what the pandemic is making more obvious is that money is getting stuck in idle and infirm hands. further, money is being injected into the wrong hands in the economy. we need money being injected closer to productive hands (like essential workers) rather than the current centralized system giving it to far-removed capital holders, those who prefer rent-seeking and other non-productive ways of stalling the velocity of the economy for their own benefit.
We need our tax laws geared to increasing the velocity of money.
I believe that with the growing global middle class we actually do need to print money faster than we are, because we don’t want to be in a situation where people think that not spending is more valuable than spending. Wealth is not zero sum, and these new families need to partake.
