Re:83% of Americans Are Belt Tightening Due to Inflation Pre...
by imtringued on Wednesday May 26, 2021 @02:45PM
(#27294478)
A lot of large businesses had large cash reserves. It's the small ones that needed the support.
The printing isn’t really the problem either, it’s a symptom of policies from both parties for 50-60 years resulting in a nation that functions purely on debt from individual households, small businesses, publicly traded businesses, to the government itself.
Before the pandemic the majority of households couldn’t cover a $400 emergency. But the truth is businesses and governments were in the same position, and even in “the greatest economy the world has ever seen” the majority of them live the equivalent of paycheck to paycheck just servicing their debts.