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No, it is just helicopter money distributed (to some) by the Federal Reserve. "Whatever it takes" to backstop the stock market is apparently working.
by jazzyk 6y ago
No, it is just helicopter money distributed (to some) by the Federal Reserve.
"Whatever it takes" to backstop the stock market is apparently working.
- BjoernKW 6y agoWell, while I don’t disagree that the current “Whatever it takes” influx of money helps with propping up the market right now there’s nothing that inherently prevents the economy from growing again once the immediate crisis is behind us. Make no mistake, there will be huge shifts and upheavals, regarding the ways we work and buy stuff for example. Many of today’s incumbents might not exist anymore in two years’ time but there’ll be others to take their place.
- jazzyk 6y agoYou make sense, unfortunately our "market" economy does not. Many of today's incumbents WILL exist in two years' time, because they are the recipients of "helicopter money" to prop them up, even if they deserve to die. The real losers will be small and medium businesses who will get some token (not enough to survive) help, so that politicians can claim that everyone was helped.