4 ms·
They wanted to induce more spending elsewhere in the economy to make up for the lack of spending in shut down businesses. I think as businesses reopened gradual
by acchow 4y ago
They wanted to induce more spending elsewhere in the economy to make up for the lack of spending in shut down businesses. I think as businesses reopened gradually they should obviously have done the reverse (Quantitative tightening), but they didn’t. And then we ended up with high inflation.