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Have you completely forgotten 2008-2014? That's the counterfactual.
by xxpor 5y ago
Have you completely forgotten 2008-2014? That's the counterfactual.
- spectramax 5y agoThat's known as hindsight bias and if anything, you're naively glossing over. The 2008 fiscal stimulus dwarfs COVID printing machine. Here is the actual data: https://www.mckinsey.com/featured-insights/coronavirus-leading-through-the-crisis/charting-the-path-to-the-next-normal/total-stimulus-for-the-covid-19-crisis-already-triple-that-for-the-entire-2008-09-recession https://www.mckinsey.com/featured-insights/coronavirus-leadi... https://www.economist.com/briefing/2021/07/10/surprising-levels-of-inflation-are-increasingly-being-driven-by-wages-not-goods https://www.economist.com/briefing/2021/07/10/surprising-lev... https://www.economist.com/img/b/600/653/90/sites/default/files/images/print-edition/20210710_FBC779.png https://www.economist.com/img/b/600/653/90/sites/default/fil...