A better policy would have been debt deferral. The gov’t could have said all major debt (mortgage, student loans, auto, credit card, etc.) was deferred for a period of 90 (?) days. Any income shortfall could have been done with existing programs (e.g., unemployment comp, food stamps, and other transfer payments). The result would have been an order of magnitude less expensive. So why wasn’t it done? Because politicians know that giving money away makes them look good and gives them power. Unfortunately, no one seems to grasp the fact that it’s our money in the first place.
And at a press conference Trump should take Pelosi’s stimulus bill and tear it to shreds ala her SOTU stunt.
Excellent article!
Excellent article!
The spending will lead to hyperinflation.
The dollar will be worthless.
Any store of value, gold, silver and cryptocurrency, will be capitalisms last bastion, until they are outlawed. Then it will be bullets.