Topic: The Thailand government will distribute money to its citizens. Economists critic - page 4. (Read 513 times)

It is not as simple as it looks, First of all as the restriction to the spending of the received amount next to it giving such an amount of money to the citizens can really lead to a major economic crisis and inflation, I'm not sure what type of experiment they want to conduct because the amount they are giving to the people is increased supply it will directly lead to the inflation whether there is the restriction to limits such as Petroleum products some other services which cant be afforded by this directly.

Still, it will greatly disturb local production and local product costs, etc. More to this OP this topic doesn't belong to the Bitcoin discussion session it should be moved to the economics.

Where is Bitcoin discussion on this topic OP? I don't see anything about Bitcoin in it. What you writing is about government policy if systematic distribution of virtual money to it's citizens account. I don't think the topic is relevant to the Bitcoin discussion board. It is better to move this topic to Politics & Society discussion board as your topic doesn't even talk about crypto.

If nothing else, this will give its citizen something to augment their income.
Also, instead of having those money in the pocket of few officials, at least give something to its people.
We don't know their long-term plan on this matter, but I guess, they will make a study on how it will impact their economy.
As we are not residing in their country, we don't know exactly what benefits it will give to its citizen, but for sure, people will be happy as it is free money.

The policy of mass cash transfers was one of the campaign slogans of the centrist Pheu Thai Party (For Thais), which came to power in the Asian country in the summer. The aim is to stimulate the economy by giving the equivalent of over a thousand Dollars to 50 million people, encouraging them to spend more and thus helping local producers, shops, and small businesses. Under the influence of opposition criticism, Prime Minister Srettha slightly reduced the initially planned scale of the program, which was originally intended to cover 56 million people. Income limits and savings limits were introduced. Ultimately, anyone who is at least 16 years old, earns less than 70,000 baht per month, and has less than 500,000 baht in their bank account will be eligible for the transfer.


The money is intended to reach the broad masses of the population exclusively in electronic form, through an e-wallet available via the government application used by millions of Thai citizens. Citizens will not be able to convert the virtual wallet contents into cash, and the funds will need to be spent within six months of receiving them.

The authorities also want to control how the money is spent. Recipients of the government program will not be allowed to use the received funds for debt repayment, bill payment, tuition fees, gas and petrol purchases, gold or gemstones, internet products and services, alcohol, cigarettes, or marijuana.

-------------------------------------------

Question : is this a planned experiment regarding money supply manipulation and full control over society? Is this an attempt before implementing "temporary" currency internationally? A test on the population? What are your thoughts on this?