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It was eye-opening to watch how the news reported the two prongs of stimulus. Garden-hose of money aimed at poor people? Wailing, gnashing of teeth, pearl clut
by jjoonathan 3y ago
It was eye-opening to watch how the news reported the two prongs of stimulus.
Garden-hose of money aimed at poor people? Wailing, gnashing of teeth, pearl clutching, hand wringing.
Fire-hose of money aimed at rich people? Complete silence. On the few occasions it was reported, it was dropped like a boring but inevitable fact without any accompanying inflation rhetoric, despite the much larger dollar amounts.
- drexlspivey 3y agoThat's because "Fire-hose of money aimed at rich people?" (I assume you mean QE with that) does not cause CPI inflation which is the main problem.