Quote:
Originally Posted by BrianTheMick2
Except that you are still making exactly the same stupid mistake. Anyone with even the slightest bit of education knows that giving a hungry person food has a different marginal utility than giving a full person food and that me giving you a can of soup does not increase the total world supply of soup.
Print the money, ship it in from outer space, whatever.
It does matter. If we're transferring the soup, yes, the hungry person gets the soup but it also means someone else is not going to get that soup.
If we move the money from some other people, the things they were going to spend it on are now pushed back until they can replace that cash. That has an effect that can't just be ignored.
If the money is printed then the inflationary effect also has negative costs that can't be handwaved away.
You can't do a cost/benefit analysis where you only look at benefits and ignore costs. Well, you can, it's just incredibly stupid and completely useless.