That what I call it. “Funny money”. Government printing and spending money out of thin air.
Now tax rebates and tax cuts - those are the real deal.
But this willy-nilly government printing and spending money stuff, contrary to fatally flawed Keynesian economics, directly causes inflation and does more harm than good in the long run.
One of the Chinese MO’s is starvation.
This economic choice - which will cause inflation in the long run - was made to stop Americans from starving in the streets 20 months down the road. It was a choice between really bad and ‘really much worse’...
No one’s pretending it was a good choice - just the best available at the time.