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Cryptocurrency doesn’t solve the problem that the stimulus purportedly does, though: giving emergency money to people who have suddenly lost most or all of thei
by jakelazaroff 7y ago
Cryptocurrency doesn’t solve the problem that the stimulus purportedly does, though: giving emergency money to people who have suddenly lost most or all of their income. The problem with the stimulus isn’t the extra money itself — it’s that it’s not going to the people who need it.
- AbrahamParangi 7y ago$2T has already been deployed by the Fed to buy assets from banks and other financial institutions at prices that do not reflect their market value. Small businesses and average Americans have received and will receive so little in comparison that to say we're helping people in need is only correct if the people you're imagining are JP Dimon and friends.