The three-year epidemic has had little impact on the rich, but for low- and middle-income people, they have to grit their teeth and get by. You reduce consumption and I cut spending, and the economy stagnates.
In order to boost the economy and restore market prosperity, currency circulation began. On December 29, 2022, at the Phoenix Finance Cloud Summit, Guan Qingyou, president and chief economist of Rushi Financial Research Institute, proposed: Directly distribute money to low- and middle-income people, every month in the next three to five years. Plans must be made immediately, statistical reports must be issued immediately.
Dean of the National School of Development of Peking University Yao Yang pointed out that if you are worried that direct payment will be turned into savings, you can follow the example of 2020 and issue vouchers, and do not specify the purchase category of the vouchers. In addition, it can be stipulated that if the consumption exceeds 100 yuan, a 20 yuan voucher can be used to encourage people to consume and stimulate rapid economic recovery.
Let’s analyze the possibility of direct cash payments. First of all, after the money is distributed, everyone will have money, and money will come easily. Will it cause inflation in and ? Secondly, will it trigger the inertia mentality of some people? Anyway, I don’t have to go to work and I have money to spend, so I might as well just lie down. If money is stopped in three to five years, people will have higher spending power in the face of rising prices, and will there be any negative factors? Finally, will it be difficult for factories to recruit workers, and will all walks of life maintain their previous efforts?
Let’s take a look at the current vegetable prices. Within a month, the price of eggs has been continuously reduced from 6.2 yuan per catty to 4.7 yuan per catty, the price of pork has been continuously reduced from 25 yuan per catty to 13 yuan per catty, and the price of Chinese cabbage has been continuously reduced from 40 cents per catty to 9 cents per catty. These basic necessities for people's livelihood are the market benchmark.
It is indeed time to vigorously develop the economy. To develop the economy, we need to drive the market, promote consumption, circulating currency . Facing the public who are in a difficult period, distributing money should be a good way out.
But we cannot just throw away the money. We also need to urge companies to resume production so that middle- and low-income people have something to do and money to earn.
Let this day come quickly. You and I are looking forward to it.
