Borrowed from whom? If it is another federal organization, then I do not see a difference. If my left pocket borrows money from the right one to give money to someone, yet my right pocket was empty to begin with, any money were created out of thin air during such a borrowing process.
> Borrowed from whom?
Borrowed from taxpayers. The instrument is an AOT tax deduction/rebate for the 2021 tax year. "We know you are going to pay your taxes, you can have some of it back right now".
Re:Abundant Capital
by imtringued on Tuesday February 23, 2021 @04:02AM
(#26235225)
Yeah a stimulus check is just a tax rebate for private individuals instead of doing a tax rebate for corporations.
printing money out of thin air, vs borrowing money (via gov't bonds) are different things. I believe the US borrowed this money for the stimulus cheques.