I agree, so the prices of everything would go down. People would be unemployed. Do we plan to give some money to pay for basic stuff (food, shelter) ?
Even if the cost for food and shelter is $1 per month, if there is no revenue, it is still too expensive, right ?
I am trying to understand the speed comparison between how fast the prices will go down, vs. how fast people will lose their jobs. If job loss goes faster than the price decrease, we might have a problem to solve.
> Even if the cost for food and shelter is $1 per month, if there is no revenue, it is still too expensive, right ?
Why would there be no revenue? Right now you need a job that pays at least e.g. $2500/month to afford basic necessities. If those jobs disappear but the cost falls to $1/month, you don't need those jobs, because a job that pays $3/month leaves you in fat city, much less one that pays $50/month.
> If job loss goes faster than the price decrease, we might have a problem to solve.
That would be a transient problem while the prices catch up, not a long-term problem. You could solve that by e.g. printing some money in the short term.
Even if the cost for food and shelter is $1 per month, if there is no revenue, it is still too expensive, right ?
I am trying to understand the speed comparison between how fast the prices will go down, vs. how fast people will lose their jobs. If job loss goes faster than the price decrease, we might have a problem to solve.