The Thailand government will distribute money to its citizens. Economists critic

[philipma1957]

If the people really get this real-fake money I wonder if the price of

rice and canned foods rise.

The problem isn't only that, but they will start to trust this real-fake money.

Then they will need policies to combat inflation.

Increase the interest rate, price control, adjust the tax rate etc that make people to give the money to banks/governments. It's a never ends problem, when the inflation rate drop, they will decrease the interest rate etc. They just switch a new policy and hold, then switch back to the old policy, repeat.

trust the 'real-fake' money is not a problem if they do not do this over and over.

But knowing the worlds governments this will get done over and over and over turning into the very thing you fear.

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[boyptc]

There is no doubt people are in need of financial incentives because of the high inflation all over the world but the problem I have with this kind of financial incentive is that most of it goes towards consumption, if the government can find a way to push the funds towards production the positive impact will be greatly felt in the economy but from history especially in countries with high corruption level most of these fund ends up being stolen whereby living the citizen worse off.

Yeah, that's one sad fact about in most countries that does this.

It gives more idea to the corrupt officials on how they're going to corrupt more money from the government and this results to a higher inflation. But it shouldn't only be done through this.

Because when they do give out financial incentives, there has to be some other counter for it to at least slow down the inflation that it will have as an effect.

[wxa7115]

That temporal limit is what worries me the most, governments giving ‘free’ money to their citizens once in a while is incredibly common so it should not be surprising at all.

However over the years there have been talks about governments around the world putting a time limit to the currency that you earn, and once that time passes then it can not be used any longer, and this is a huge threat as in essence governments will be making saving money an impossible activity, which will have huge implications about how the world economy has to be run.

saving is really just a waste of time, the fiat money we get now will not necessarily sell in the next 10 years, so if you get fiat money now, only use it for investment (buy gold or bitcoin), every few years, inflation causes us to have to spend more money to buy a product while our income does not increase. The Thai government may see that currently giving free money to their population is effective but in the long term it is completely ineffective.

And how exactly can a person invest if they do not have money saved? Saving money is always the first step when trying to obtain a better financial situation for yourself and there is no way around it.

And if at some point money as it has been proposed on the past came with a time limit then this will severely limit you, as whatever that limit was then you will be unable to invest or buy anything more expensive than whatever amount of money you can save during that time.

[CryptSafe]

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.

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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?

I feel this policy is one-sided because not all citizens benefit from these types of policies. The government manipulates the process just to control how people spend. This policy gives the government the upper hand in the control of the citizens, but the same government would steal from the process to enrich themselves.

The idea of controlling the citizens on how to spend their money is another factor that is not feasible, as not everybody would want that, and as such, nobody would want to be controlled up to the point of their personal life and privacy being breached by the government. This would be worse than one could imagine.