February 25, 2025
CBS Morning News recently featured Jay Zagorsky, Clinical Associate Professor of Markets, Public Policy and Law, discussing the possibility of U.S. citizens receiving DOGE stimulus checks.
President Trump is contemplating allocating 20% of DOGE savings to citizens. However, many economists are expressing doubts about the feasibility and potential economic impact of this proposal, highlighting concerns about the reliability of these savings. While this could prove to be a politically popular decision, it may not be the most prudent economic strategy.
“Giving people large checks is going to cause inflation to go even higher. You just had a segment on rising egg prices, well when people get unexpected and unearned income. What do they do? They spend it. And if we’re going to have tariffs on imported goods and we’re having supply constraints, more spending with less items means prices just go up,” Zagorsky adds.
Even if this comes to fruition, the exact figures, as well as the costs and benefits, won’t be fully understood for some time.
