4 ms·
$600/week/person over any reasonable period is hardly enough to trigger serious inflation worries in the short or medium term. Even if you apply that to everyon
by crooked-v 6y ago
$600/week/person over any reasonable period is hardly enough to trigger serious inflation worries in the short or medium term. Even if you apply that to everyone in the US, you're looking at $180 billion a week, against a GDP of $20.54 trillion.
- pansa2 6y ago$180-billion per week is $9-trillion per year - it’s almost half of GDP.
- endogui 6y ago$180B per week would be $9.4T per year. Almost half of the economy in stimulus seems likely to be quite inflationary.
- mulmen 6y agoYou’re comparing weekly stimulus numbers to annual GDP numbers. If you compare the stimulus payments in similar annualized terms it is nearly half of GDP. $9.36 Trillion. Having said that, the relevance of GDP in a conversation about inflation is unclear to me when GDP does not account for inflation.