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But as a practical matter, the latest emergency aid package is just like the previous: Lousy, outdated economics. JM Keynes meets LBJ and Bill Clinton. But necessary for political purposes, because Nancy wants to spend four billion just for starters, and saying, “not a farthing, because it’s inflationary” is not a winning answer. Then she’s Robin Hood and you’re the Sheriff. The best that can be said about the whole thing is that it has some fiscal restraint, and it may cause inflation, but not double-digit Jimmy Carter inflation; something that can be lived down eventually. The virus will be gone soon. The crazed panic will cool off. But the inflation will take longer to work out. Then again, I thought we would have had Argentinian-style inflation under Obama but it never came.

As a practical matter, JM Keynes bull sh#t "stimulus" accelerates the insidious hidden tax of inflation the way the Left has created the mostly unconstitutional federal government spending which has come to fruition big time since the 1970's.

"Stimulus" and government spending over GDP increase simply INFLATES the money supply rendering your dollar less value than it was before. In time that lower value dollar will be reflected in higher prices. THAT is the hidden tax of inflation caused ONLY by increase in government spending.

Trump's "stimulus" ratifies the JM Keynes and Leftist approach that more government fixes things. But more unconstitutional government wrecks things. Trump needs to understand that the TRUE economic "stimulus" is TAX CUTS, or in this case TAX REBATES (RETURN SOME OF THE TAXES PAID) - ie. shrink government income and spending.

There is only ONE cause for inflation: running the government printing presses to facilitate more government spending beyond our GDP. The graphs below show how increase in inflation follows increases government spending, taking off big time since the 1970's.

Trump knows a lot about successful business - one of the best. But he still has a lot to learn about economics and the value of SMALL CONSTITUTIONAL GOVERNMENT. Short term illusory "help" from "stimulus" does not offset the long-term damage done by such. Again, what he should be doing, is TAX REBATES - that is not more government spending but shrinking government income which under the right thinking will shrink government spending.