I'm not talking about people who have been laid off and need money to pay their rent, etc. I'm talking about the majority of us who have not (yet) been hurt financially by the Great Lockdown. What are we supposed to do with our Stimulus Checks - order more crap from Amazon/China? Leave it in the bank?
Seriously, what is the theory about printing more money and sending it to people who don't need to (or can't) buy anything right now? How, specifically, is this restoring the economy? (The Money Multiplier Effect doesn't apply if we don't spend it.) Are we really doing anything more than buying acquiescence from the general public?
I think there is a lot more going on here than merely taking precautions against a new viral strain. Life in America is going to be quite different than it was before this latest contagion. Some people can't wait for the coming New Order. What about you?
Seriously, what is the theory about printing more money and sending it to people who don't need to (or can't) buy anything right now? How, specifically, is this restoring the economy? (The Money Multiplier Effect doesn't apply if we don't spend it.) Are we really doing anything more than buying acquiescence from the general public?
I think there is a lot more going on here than merely taking precautions against a new viral strain. Life in America is going to be quite different than it was before this latest contagion. Some people can't wait for the coming New Order. What about you?