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I don't claim to be an economist, but direct stimulus payments to Americans totaled about $2100 on average. The US economy is worth trillions annually. I'm sure
by nozzlegear 2y ago
I don't claim to be an economist, but direct stimulus payments to Americans totaled about $2100 on average. The US economy is worth trillions annually. I'm sure the stimulus checks made a small bump on inflation in the short term, but they couldn't possibly drive sustained, systemic inflation. Unless you're talking about the broader fiscal packages for supporting businesses/unemployment benefits during COVID when you say "printing new money?"
- parineum 2y agoPrinting new money means spending money that doesn't (yet) exist. If there is 1 trillion dollars in the possession of all humans and the government buyys a trillion dollars worth of good with new money, all previous money os jow worth half it's previous value.