Babaamaajimowinan (Telling of news in different places)

Could Minnesota's proposed rebate checks fuel even higher inflation?

In debates at the state Capitol about proposed rebate checks for Minnesotans, the talking points are mostly around using them to help residents cope with high inflation.

But could the infusion of cash in people's bank accounts also make inflation worse, or at least, a little harder to bring back down?

Gov. Tim Walz and state lawmakers pushing for the tax rebates don't think so, saying the checks would be insignificant compared to the global and national forces that have been making goods and services more expensive throughout the last couple years.

https://www.startribune.com/could-minnesotas-proposed-rebate-checks-fuel-even-higher-inflation/600260201/

 

Reader Comments(0)

 
 
Rendered 07/11/2024 14:34