This week is a very happy week in Hong Kong SAR because the people here are getting 2,000 HKD worth of free money (but you have to use it up in two months) as part of an extended plan to hand everyone 5,000 HKD.
Sources:
I am very excited and I am very happy. I just got mine and I am having an absolute BLAST dining at the malls.
Now my fellow HK posters can kindly correct me if I’ve got the details wrong (and I’ll edit) but I believe the way it works is that everyone gets a first “injection” of 2,000 HKD that you have to use up in two months. Then you get another 2,000 with similar conditions and then a final, unconditional 1,000.
…
Two things to discuss:
1. Is it good or bad for the economy in the long term? Or neutral?
2. If you got the 5,000… how would you spend it?
Please provide explanations in your answers. My understanding of economics is not that great so I look forward to your answers.