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In 2020 businesses were expecting a collapse in demand and possibly years before a working vaccine. The current administration chose to “go big” on stimulus in
by supertrope 4y ago
In 2020 businesses were expecting a collapse in demand and possibly years before a working vaccine. The current administration chose to “go big” on stimulus in 2021 and accept the risk of inflation rather than under react like 2008-2009 and have the country slog through years of high unemployment.
- not_the_fda 4y agoI don't disagree that some of those measures were needed, but they went to far. You can look at the broad stock market and see when the stock market started falling and the fed stepped in. They over corrected and stocks went way above trend line during a period when nobody was going anywhere. They handed out money to people who turned around and yoloed it on crypto and meme stocks. The time to turn off the money was last year when vaccines became available. The consequence of that inaction is now years of stagflation.