6 Trillion in Economic Stimulus for US (General)

by dulan drift ⌂, Saturday, February 06, 2021, 11:33 (1146 days ago) @ dan

"Republican lawmaker Michael Burgess of Texas argued that Congress had yet to spend all $4tn of the previous pandemic relief, noting $1tn had yet to go out the door.

"Why is it suddenly so urgent that we pass another $2tn bill?" he asked."

Larry Summers, economic adviser to President Barack Obama warned of "inflationary pressures of a kind we have not seen in a generation, with consequences for the value of the dollar and financial stability".

"Stimulus measures of the magnitude contemplated are steps into the unknown."

Got that right. This whole printing money thing is so radical. You wouldn't think so coz it attracts almost no scrutiny - but is. Never been done before on this gigantic scale. Was considered lunacy just a year ago.

My guess is will work fine for a year or so - the stock market will keep booming coz the money has gotta go somewhere.

But beyond that?

Who knows ... maybe Funny Money Theory really is the way to go - onward and 'up through the atmosphere...'


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