If the fed had given that money directly to consumers we might have inflation problems. They’ll never do that. Socialism only exists in America for corporations.
[0]: https://www.federalreserve.gov/releases/h41/current/h41.htm
Congress authorizes $300 billion in direct checks to consumers. The remaining $2.7 trillion went to businesses.
The fed has separately printed several trillion dollars lending to businesses, buying corporate bonds, and other actions.
What should the stock market be at right now? Who knows. We have no way to know because we won’t allow the market to tank.
Nope (and the total bill was 2.1 trillion not 3 trillion): https://en.wikipedia.org/wiki/Coronavirus_Aid,_Relief,_and_E...
> The fed has separately printed several trillion dollars lending to businesses, buying corporate bonds, and other actions.
Also not even remotely true, they are predominately buying U.S. Treasury securities and Mortgage-backed securities: https://www.federalreserve.gov/releases/h41/current/h41.htm
Got any sources to back up your claims?
Respectfully, please read an economics textbook.
Please tell me more.
The fed is engaging in aggressive monetary policy to prevent deflation.
The suggestion that buying corporate bonds (while holding everything else constant) is not inflationary is just not right. You can hold on to your mistaken beliefs, but just know that if you do so, it is in willing ignorance of the facts.