Excuse Me For Pointing Out That Free Money Does Not Combat Inflation – Mish Talk

December 28, 2022

More Free Money

In an effort to ease inflation pain, Spain Announces a $10.6 Billion Giveaway Package

Spain on Tuesday announced 10 billion euros ($10.65 billion) worth of measures to ease the pain of inflation in the third major package this year, bringing total aid to 45 billion euros since early 2022.

The package includes a one-off bonus of 200 euros for about 4.2 million households with annual incomes up to 27,000 euros and the extension of tax cuts for energy bills into the first half of next year, Prime Minister Pedro Sanchez told reporters.

The package follows similar announcements in March and June that included direct aid, tax cuts, soft loans and rental controls.

Sanchez also announced 12-month extensions on subsidies for train travel for commuters and limits on rental increases.

Inflation Reduction Items

Free money
Rent controls
Soft loans
Train subsidies
More deficit spending

Hooray!

Unfortunately, that combination certainly will not ease inflation.

Free Money California Style

On June 30, Governor Newsom Signed Budget Putting Money Back in Californians’ Pockets (emphasis by Governor Newsom)

“Cha-ching! You just received a deposit.”

Global inflation. Rising costs. It’s hard out there and we know it. So, we’re giving you $9.5 billion back. MILLIONS of Californians– 23 million to be exact – will benefit from up to $1,050, as soon as October! See if you qualify on the new Middle-Class Tax Refund calculator here.