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When the government shut down the country for a few years and started sending out "covid pandemic checks", economists warned that the economy would crash. I'm

• stetrain 3y ago
  I think perhaps the effects of a pandemic which killed upwards of 1m Americans may have had a base level of economic impact regardless of the mitigation measures. Perhaps people forget that things like air travel, restaurants, and going into the office were shutting down naturally in the US even before government recommendations to do so. And there were actually very few US-wide mandates or anything resembling a government forced “shutting down the country” outside of restrictions on international air travel.
• batshibstein 3y ago
  Are you really talking about the couple thousand dollars that people received during the pandemic? In most of the country that might have paid your rent for a month or a few weeks of groceries or if you're fortunate maybe one luxury good.
  • pauldenton 3y ago
    It's more like when you flatten production, but steady consumption, by having people get paid for work without producing anything, you produce a mismatch between the dollars and the goods they are chasing that results in Inflation. If you drop money out of helicopters and people spend that money instead of working you get inflation