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THIS, so much this ... for years people said bottom-up stimulus plans would inevitably cause inflation. Injecting the money on top changes little, now it's just
by losteric 6y ago
THIS, so much this ... for years people said bottom-up stimulus plans would inevitably cause inflation. Injecting the money on top changes little, now it's just trickle-down inflation.
(and if this doesn't hold, I would love to understand why)
- MiroF 6y agoIt doesn't hold because people get the money via loans at low interest rates and then spend more. Fed policy has a clear impact on AD.