Re:Former President Trump is projected to win the presidency
by Cthulhu_ on Wednesday November 06, 2024 @04:59AM
(#42059000)
How did the COVID handouts cause inflation? It was only a small amount. Isn't inflation caused by macro-economic forces, e.g. interest, international policy / stability, and free market somethings?
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Re:Former President Trump is projected to win the presidency
by aeyes on Wednesday November 06, 2024 @05:52AM
(#42059824)
5 Trillion added to the Fed balance sheet is not a small handout. They didn't o ly hand out money to individuals but also gave to businesses and propped up the bond market.
Re:Former President Trump is projected to win the presidency
by kelnos on Wednesday November 06, 2024 @02:40PM
(#42068085)
Let's not forget, though, that Trump is the one who kicked this off: he signed the first COVID-related stimulus package ad the end of March 2020, to the tune of $2 trillion.
Given that he was only in office for the first year of the pandemic, it seems reasonable that Biden signed another $3 trillion away. If all that caused inflation, Trump and Biden deserve the blame together.
Re:Former President Trump is projected to win the presidency
by andy_ppp on Wednesday November 06, 2024 @06:57AM
(#42060711)
If you print money to pay for things generally that causes inflation, it’s one of the few clear facts economists will tell you they 100% know.
Re:Former President Trump is projected to win the presidency
by dgfitz on Wednesday November 06, 2024 @05:46AM
(#42059739)
Yes as a person you got a modest check. You don’t remember all the fraudulent “loans” than have been prosecuted? Most of the money went to !individual people.
Re:Former President Trump is projected to win the presidency
by seanp2k2 on Wednesday November 06, 2024 @05:25AM
(#42059425)
And don’t forget all those PPP loans that Congress persons didn’t have to pay back https://fortune.com/2020/07/08/ppp-loan-recipients-members-o...
Re:Former President Trump is projected to win the presidency
by tartuffe78 on Wednesday November 06, 2024 @08:25PM
(#42072251)
Regular businesses didn’t either, my company got one but actually voluntarily did pay it back
Re:Former President Trump is projected to win the presidency
by BeFlatXIII on Wednesday November 06, 2024 @08:52AM
(#42062282)
The reason COVID handouts caused inflation while the '08 handouts didn't is that the COVID handouts went to regular people who spent the money while the '08 was wasted on bailing out the 1%, who spent it on assets that regular people don't buy every week.