Why would anyone with common sense want to inject $3.5 trillion of fiat money into an economy which already has high inflation ?
Facts, logic, and the lessons of history mean nothing to Democrats.
Emotions and ideology drive everything they do.
Keynes postulated that in bad times to spend freely but in good times to cut spending.
His belief that real world politicians would do this display his utter failure as a philosopher (the Ph in PhD) and his duty to understand humanity, how actual humans behave.
All real world politicians learned from Keynes is an excuse to spend freely.
But in good times they do not cut spending, only seeing an opportunity to spend.
Thus the only constant is to increase spending, good times or bad, and that exactly comports with the ambitions of the political class to grow their power.
And that was the case without these idiots adding a “moral” dimension to spending, so that they think spending is meeting people’s basic needs in some weird abstract sense.
Thus we have finally arrived at the point that they are far, far past mere “pump priming” to inject money into the economy. They are past Colonel Sanders in Spaceballs insisting that they cannot stop without slowing down … they’ve gone to plaid and must never, ever slow down!
In fact these spendthrift loons are like the sex fiend in the book Dr Sax … only instead of constant masturbation for service of their sexual addiction they are constantly spending because they are servicing what must surely be a fetish too, maybe not literally sexual but ideologically it may was well be.
Look at the outcome and that will tell you the goal. We make the mistake of assuming the enemy wants a booming robust economy of happy people living the dream.
The DC and Bankers junta wants America flattened and ready for their benevolent centrally planned global economy.
They keep talking about “Build back better”. Think real estate. You can’t do that until you bulldoze the old house on the lot.
Some people just want to watch the world burn.