also, giving people money directly with stuff like unemployment and stimulus checks is extremely stimulative compared to say building a bridge.
massive supply shocks didnt help either. but they govt knew there was supply shocks and increased demand anyway. despite warnings by democratic economists. (we just found out yellen herself had misgivings about the 1.9T price tag)
^^ that chart.
also, giving people money directly with stuff like unemployment and stimulus checks is extremely stimulative compared to say building a bridge.
massive supply shocks didnt help either. but they govt knew there was supply shocks and increased demand anyway. despite warnings by democratic economists. (we just found out yellen herself had misgivings about the 1.9T price tag)