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If the stimulus money only allowed people to maintain their income level rather than increase it, then the inflation pressure can't be coming from increased con
by blacksqr 5y ago
If the stimulus money only allowed people to maintain their income level rather than increase it, then the inflation pressure can't be coming from increased consumer spending.
GDP only dropped 2.3% last year [0], so there's approximately the same amount of stuff to buy.
The linked article reads to me like an incoherent attempt to scare people into thinking the stimulus was a bad idea.
[0] https://www.bea.gov/news/2021/gross-domestic-product-4th-quarter-and-year-2020-advance-estimate https://www.bea.gov/news/2021/gross-domestic-product-4th-qua...