What does 'overheating' the economy mean in this context? Giving people too much purchasing power is bad somehow? People might quit their shitty jobs and have a comfortable cushion to use as leverage? The stock market bubble might overinflate even more?
I feel like it's being used as some kind of scary word so that they don't have to say some quiet part out loud, but I'm genuinely curious what that quiet part is.
pretty sure the quiet part is that these ghouls don't want people to realize the government can positively affect their lives in any way. "It would overheat the economy" is the 2020 way of saying "It would make God mad"
What does 'overheating' the economy mean in this context? Giving people too much purchasing power is bad somehow? People might quit their shitty jobs and have a comfortable cushion to use as leverage? The stock market bubble might overinflate even more?
I feel like it's being used as some kind of scary word so that they don't have to say some quiet part out loud, but I'm genuinely curious what that quiet part is.
pretty sure the quiet part is that these ghouls don't want people to realize the government can positively affect their lives in any way. "It would overheat the economy" is the 2020 way of saying "It would make God mad"
he's worried a brief spike in consumer demand will cause an overproduction bubble
even though the whole economy is an overproduction bubble
It means boosting the money supply could lead to inflation; of course completely ignoring the trillions pumped into the stock markets just this year.