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> stimulus money and incredibly strong consumer spending Seems like you are ultimately operating on the same theory: That tech was used to keep the "Great Fina
by randomdata 3y ago
> stimulus money and incredibly strong consumer spending
Seems like you are ultimately operating on the same theory: That tech was used to keep the "Great Financial Crisis" money away from the broader economy in order to prevent an inflationary spiral. It is unlikely that it was fully pre-meditated in exacting detail, but it is clear that the money 'printed' was directed to interests that would not spend it on bread, so to speak.
The pandemic stimulus changed that. It saw 'printed' money flow to regular average Joes who would spend it on bread, and thus consumer inflation took hold. That is what earlier stimulus packages were trying to avoid.