3 ms·
Then they should have built a better safety net. Monetary policy just leads to consumer or asset price inflation, and the legislature did a very poor job with f
by CameronNemo 5y ago
Then they should have built a better safety net. Monetary policy just leads to consumer or asset price inflation, and the legislature did a very poor job with fiscal stimulus when it was most necessary (early in the pandemic). They just wrote blank checks to businesses and people. They could have done so much more (expanded SNAP benefits or more incentives for first time homebuyers, for example). Instead wealth inequality is higher than it was before the stimulus.