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If it's covering an income shortfall, it doesn't seem like that would cause inflation. If I normally spend $2k a month, but then lose my job and get $2k from t
by notJim 5y ago
If it's covering an income shortfall, it doesn't seem like that would cause inflation.
If I normally spend $2k a month, but then lose my job and get $2k from the government, that's not going to cause inflation.
From what I understand, much of the stimulus money was saved. https://fred.stlouisfed.org/series/PSAVERT https://fred.stlouisfed.org/series/PSAVERT
- willcipriano 5y ago> If I normally spend $2k a month, but then lose my job and get $2k from the government, that's not going to cause inflation. That $2k a month that you used to earn is still out there somewhere unaccounted for.
- nly 5y agoExcept the money you would have been paid previously still exists somewhere and will go somewhere else.