Re:83% of Americans Are Belt Tightening Due to Inflation Pre...
by blacksqr on Wednesday May 26, 2021 @02:21PM
(#27294165)
If the stimulus money only allowed people to maintain their income level rather than increase it, then the inflation pressure can't be coming from increased consumer spending.
GDP only dropped 2.3% last year [0], so there's approximately the same amount of stuff to buy.
The linked article reads to me like an incoherent attempt to scare people into thinking the stimulus was a bad idea.
GDP only dropped 2.3% last year [0], so there's approximately the same amount of stuff to buy.
The linked article reads to me like an incoherent attempt to scare people into thinking the stimulus was a bad idea.
[0] https://www.bea.gov/news/2021/gross-domestic-product-4th-qua...