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This latest economic crisis showcased how the Federal Reserve intends to deal with monetary policy, a decidedly hands-on approach. But the end result of the emergency funding from Congress, Treasury, and the Fed, was ham-handed, and most of the “helicopter money” ended up in the wrong places and did little to stimulate economic activity. Get ready for a new, improved version of helicopter money, coming directly to a bank account near you:
I'm thinking back to all the things politicians told us we couldn't afford and then they find a few spare trillion under the Fed's sofa cushions.
In addition to this proposal, the Minneapolis Fed Has come out saying the governments need to lock everything up again for six weeks to get the virus out of the way, cost be damned.
I'm thinking back to all the things politicians told us we couldn't afford and then they find a few spare trillion under the Fed's sofa cushions.
No cost is too extreme when it comes to buying votes. Each party seems intent on spending more to buy votes than the other party. When one of the major parties recently suggested that we not pay people more to stay home than they would make working, they were immediately branded as selfish and uncaring tightwads, and consequently abandoned all attempts at using common sense in crafting legislation.
I'm thinking back to all the things politicians told us we couldn't afford and then they find a few spare trillion under the Fed's sofa cushions.
This is the Federal Gov't catching up with our modern money. Functionally debt monetization. We may see some inflation uptick coming out of the pandemic. Or not.
I'm thinking back to all the things politicians told us we couldn't afford and then they find .
Are you high - $1T is almost $20k per taxpayer in the US. To put this in perspective, currently income tax collects less than $2T/yr, the FY 2019 revenue was $3.5T and total budget was $4.4T according to the CBO.
The previous bill was about $2T and the Democratic house bill passed would add about another $3T, more than the original bill. Figures are not your strong suit if you think that "a few spare trillion under the Fed's sofa cushions" is not going to impact things.
BTW - I got nothing from the first and will get nothing from the second except the expectation that I will have to pay for it out of my retirement money.
They never sent me my stimulus money. Who do I sue? Anyone not get their check?
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