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> isn’t triggering the desired effect of a stimulus package That's why Congress people were careful not to call it a stimulus. The payment was to pay people t
by thephyber 6y ago
> isn’t triggering the desired effect of a stimulus package
That's why Congress people were careful not to call it a stimulus.
The payment was to pay people to stay home safely without (hopefully) losing their livelihood. It wasn't about stimulating demand for the economy.
Yes, there are worries about deflation if consumers don't spend like they did before (although consumer spending in the USA has been out of control for too long).