rba minutes $42bn stimulus, page-20

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    Cash handouts are not effective as an economic stimulus. There's one simple question - where is the money coming from?

    Answer - government revenue or government debt.

    Therefore, it's either redistribution of money from other people or it's money that taxpayers must pay back in the future.

    Robbing Peter to pay Paul or borrowing from the future does not provide any good long-lasting effect.
 
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