2 ms·
Despite the headline of the large price tag, the money is question was debt. It was not money added to the market. It was money that would not be removed for th
by tootie 3y ago
Despite the headline of the large price tag, the money is question was debt. It was not money added to the market. It was money that would not be removed for the subsequent 10-20 years. It's highly unlikely that's driving any short term effects aside from a marginal bit of fiscal relief for middle class white collar people.
It's also a far smaller price tag than the regressive tax cuts of 6 years ago and far less egregious than the previous president threatening the independence of the Fed if they didn't push rates below zero.