Re:Federal Reserve lent $300B in emergency funds to banks in...
by Dylan16807 on Monday March 20, 2023 @02:37PM
(#35236444)
> The fact that you don't think the thing that's 10x bigger can cause inflation, but you think the minor foonote that is covid spending can, shows that this is 100% ideology-driven and not fact-driven.
What a weird comparison.
If it's true that something doesn't cause inflation, then if you make it 10x as big it still probably won't cause inflation. That's not an illogical position at all.
10 times zero being zero is not holding ideology over facts.
And even if we say defense spending was a significant part of the 2% inflation, that doesn't mean it also caused the huge spike we just had.
No. I'm stating that medicare+defense spending is far larger than either covid relief or student loan forgiveness. By an order of magnitude per year.
The fact that you don't think the thing that's 10x bigger can cause inflation, but you think the minor foonote that is covid spending can, shows that this is 100% ideology-driven and not fact-driven.
Even basic back of the envelope economics shows you're completely off.