Quote from: SaltySpitoon on Today at 02:29:45 AM

Quote from: Spendulus on May 15, 2020, 11:41:01 AM

Most of those trillions printed stayed in Washington DC and or went to pretty big companies. You think maybe they could pull that off a couple more times?

I bet they'll give it a try. I frankly don't understand how the federal reserve works. I share the sentiment of a lot of people here in thinking that fiat isn't stable, yet it keeps surprising me and managing to avoid the devastating effects common sense would leave you expecting through all of the recent rounds of quantitative easing, financial policy that I guess I just don't get, and other "strategic money printing". Fiat works just fine as a short term exchange medium I guess? My uninformed guess is that the fraction that was paid out to individuals in the stimulus bill will be used as an excuse to retrieve the full amount back in increased taxes, funneling money to buy corporate handjobs and lobby support, but I could be pleasantly surprised. Paying out 600 billion as an excuse to recollect 2 trillion seems like a good business model.

As some one who is admittedly ignorant how our system of economics works, you seem rather assured that all these unnamed experts know what they are doing and some how are able to plan out our economy on a macroeconomic scale on such short notice. It is almost as if you have no facts to support your argument and are relying completely on appeal to authority to make your argument. Pay no attention to the economy crumbling around us, the government is here to help.