Re:U.S. inflation rate rises to 13-year high of 5.4%
by mywittyname on Wednesday October 13, 2021 @10:36AM
(#28852641)
A trillion dollars is basically a 12mo-18mo of GDP growth for the USA. And it was handed out in a year where GDP fell by 600 billion.
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Re:U.S. inflation rate rises to 13-year high of 5.4%
by frankfrankfrank on Wednesday October 13, 2021 @11:34AM
(#28853498)
Those are not comparable other than that the GDP growth you reference IS that trillion dollars you also reference, and then some. It's essentially like switching to buying everything on credit card to keep up the facade to your friends that nothing has changed, in spite of the fact that your business is bankrupt/you lost your job. The GDP will still go up because you are buying things, but that does not change the fact that taking on one trillion dollars in debt or embezzling one trillion dollars from shareholders of your company is a good idea.