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Answer: The CARES act was the US government printing $2 trillion bucks and handing checks out to every resident of the US. Nothing happened (the chaos predated
by mywittyname 6y ago
Answer: The CARES act was the US government printing $2 trillion bucks and handing checks out to every resident of the US. Nothing happened (the chaos predated the money).
Also, it's important to realize that t-bonds and USDs are basically the same thing. A T-bond is, for all intents and purposes, high-denomination dollar bill that can be exchanged for low-denomination bills on an open market.
- klyrs 6y agoYou missed the part where I said each resident would get a trillion bucks. Patently absurd, I know, but it's more fun to imagine than today's actual news.