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>The problem isn't how it was handled ex-post. The problem is how there was essentially zero infrastructure or preparation in place for this type of fast-disbur
by SilasX 6y ago
>The problem isn't how it was handled ex-post. The problem is how there was essentially zero infrastructure or preparation in place for this type of fast-disbursement of stimulus.
Isn't there? The Fed (and monetary economists) always talk about how much easier it would be to stimulate with a "helicopter drop"[0], wouldn't they already know how to pull that off?
Even if it were done by Congress rather than the Fed, the Fed's process could still be the delivery mechanism.
[0] https://en.wikipedia.org/wiki/Helicopter_money https://en.wikipedia.org/wiki/Helicopter_money