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The pandemic was going to shake the boat regardless. It was impossible to right-size the stimulus, and in hindsight we over did it, but given the information we
by huevosabio 4y ago
The pandemic was going to shake the boat regardless. It was impossible to right-size the stimulus, and in hindsight we over did it, but given the information we had then I think we did the right move, at least with the 2020 stimulus. The 2021 stimulus is much more shady given that then we already had a vaccine deployed and were in a trajectory to recovery.
- checkcircuits 4y ago> it was impossible to right-size the stimulus This is wrong. DETR, the Nevada Unemployment Office, gave out 1.4B too much [0]. I am absolutely sure this is not an isolated case. The absolute level of corruption disguised at absolute incompetence is too high to let the government off that easily. 2020-2021 was the biggest wealth transfer from the poor to the ultra rich in the history of the world. The stimulus didn't even have a clawback attached to it. [0] https://www.ktnv.com/13-investigates/detr-sent-out-1-4-billion-in-improper-payments https://www.ktnv.com/13-investigates/detr-sent-out-1-4-billi...
- kqr2 4y agohttps://www.newyorker.com/news/our-columnists/is-larry-summers-really-right-about-inflation-and-biden https://www.newyorker.com/news/our-columnists/is-larry-summe...