The purpose of the economy, as a machine, is to ensure prosperity for its participants. If a policy like forgiving debt, higher min wage, UBI, etc, accomplishes this goal, then it is economically sound, even if the Dow grows more slowly as a result.
@Tailsteak it was always very strange to me growing up to here how the economy was the most important thing during elections. finally figured out that it was supposed to be a proxy for overall welfare and happiness.
Here and now in 2022 we see that that proxy has completely broken down. Though I don't know that the people in charge care.
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