The problem is, many people would just take a 10-year loan at 20 since they know... | Hacker News

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		layer8 on July 6, 2023 \| parent \| context \| favorite \| on: Spanish minister proposes €20k ‘universal inherita... The problem is, many people would just take a 10-year loan at 20 since they know they’ll receive the €20K at 30. There’ll be a whole industry springing up around that.

sublinear on July 6, 2023 [–]

It's almost like stimulus doesn't really work.

Eldt on July 7, 2023 | [–]

If stimulus is people spending their money in the marketplace to meet their needs, I'd say it works quite well

sublinear on July 7, 2023 | | [–]

> their money

Broke people immediately spending the money they got from the government... That's everyone else's money.

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