> Inflation is non-existent, the markets are willing to lend to the U.S. government at all time low rates, They're willing today because they don't have better

> Inflation is non-existent, the markets are willing to lend to the U.S. government at all time low rates, They're willing today because they don't have better alternatives. Those things will change. > The correct prescription is a giant second stimulus A second stimulus can't work unless it's done competently. What are the odds of that happening? (Recent example - salary increases to govt workers were counted as "jobs created or saved.") > Now we should worry about growth. Does spending $250k for a job count as growth? (Yes, the number matters, as does the duration of a job.) Are you really certain that the money that was borrowed by govt wouldn't have resulted in a job if it hadn't been borrowed? (Banks are sitting on money that the fed is shoveling to them, but what about others?)