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Why are you not mentioning the trillions of dollars printed during Trump's administration for covid relief? I'm not against a discussion on monetary policy but
by hoppyhoppy2 4y ago
Why are you not mentioning the trillions of dollars printed during Trump's administration for covid relief? I'm not against a discussion on monetary policy but selectively ignoring facts to turn it into partisan bickering isn't helpful.
- fallingknife 4y agoIMO, the money printed in the Trump admin, which TBF was > 50% of the recent spike in printing, was more justified because it was done in the initial response to COVID when the economic shutdown was necessary and stimulus action absolutely had to be taken. The Biden stimulus, which was passed in early 2021, was after the economy had mostly been reopened, and the remaining lockdowns were unnecessary and ineffective anyway. It was more of a political giveaway than an actual emergency response. But make no mistake, a dollar printed under Trump was just as inflationary as one printed under Biden, even if it was more justified, and you are right that it should be brought up. IMO its even more important to mention the continuous policy of our government covering its deficits by printing money (QE as they call it) which was started under Bush in 2008 and has continued under every president since.