There is also the Child Tax Credit.

"$3,000 to $3,600 per child for nearly all working families The Child Tax Credit in the American Rescue Plan provides the largest child tax credit ever and historic relief to the most working families ever."

https://www.whitehouse.gov/child-tax-credit/

Plus the fraud. I know in some neighborhoods almost everyone is getting "their $10K small business loan", sharing tips on group chat about how to lie on the forms.

You know that? Here’s the tip line: https://coronavirus.house.gov/contact/tip-line

I hate to chuckle, but you should start mentally adjusting to the fact that the rule of law is at best a selectively enforced thing at this point. I suspect that these many instances of fraud may even be used as leverage against people whenever it may be needed. I say that because I know that kind of thing is done and I would do exactly that if it ever came up. Anyone who has fraudulently taken any of those "loans" is not totally compromised to run or not to run for office or to hold certain positions or say certain things.

What do you mean? Who cares who did what wrong thing, it would all depend on which news about it the media, twitter, and facebook decide to suppress or amplify, wouldn't it?

Can you not think back to a couple of instances of people running for pretty high offices when that was the case?

It's already been reported, and little enforcement. https://www.bloomberg.com/news/features/2020-10-29/small-bus...

The eviction moratorium ended, so did the $600/week.

Presumably we should start to see a big deflation, and an oversupply of available housing as a result if this theory is right.

Well the money is already in the economy now, the only way you see deflation is if that reverses, not just stops. You're probably right that as evictions begin to happen there will be a reduction in housing costs, so that is good. But as far as the new money circulating, the inflation rate might just go back to normal but the inflation that already happened is probably here to stay.

But those checks were issued in the face of a massive spike in unemployment so they were just filling part of the gap left by missing wages.

Crucially, they exceeded the gap left by missing wages. Poverty in the U.S. actually fell last year.

Not sure which stat you are referring to, but if they are lumping child poverty in the general aggregate then a significant portion of that relief comes from the expanded Child Tax Credit.

https://www.cnbc.com/2021/08/25/child-tax-credit-lifted-3-mi...

I'm probably conflating the effects. Thanks for the correction.