Newsom’s handouts. Economically bad. Socially not so bad

Giving free money to those most hurt by inflation is socially a good idea but economically it will make inflation worse.

Recently California Governor Gavin Newsom said he wants to give up to $1,050 to about 23 million Californians in the form of an “inflation relief check.” He said these payments will have income limits so the lower-income earners will receive the…