3 ms·
> To put it into perspective: we printed $6-Trillion USD on COVID stimulus compared to FDR's New Deal at $1-Trillion USD (today dollars). Worth noting that inf
by cipheredStones 4y ago
> To put it into perspective: we printed $6-Trillion USD on COVID stimulus compared to FDR's New Deal at $1-Trillion USD (today dollars).
Worth noting that inflation-adjusted GDP was $1T in 1930 and $19T in 2019.
- deleted 4y ago[deleted]
- beambot 4y ago1930 GDP was (at the time) $100B with NewDeal actual expenditure of $42B (42%), compared with 2019 $19T GDP and $6T COVID (~30%). There's this weird historical effect represented by "Real GDP" that has the 1930s number being 10x that size (whatever that means): https://www.statista.com/statistics/1031678/gdp-and-real-gdp-united-states-1930-2019/ https://www.statista.com/statistics/1031678/gdp-and-real-gdp...