As the new injections of bank credit flows to the economy while the economy is not producing more goods,
that could spell high inflation during a recession with widespread unemployment of deeply indebted people.
They are using debt financing to supposedly stimulate
the economy, as Keynes have advocated. They ignore the debt and focus on their bankrupt concept.
If it’s good for the federal govt to stimulate the economy, then the local counterfeiter cold do the job.
Why stop at 800 billion? If raising the minimum wage helps the poor, why not $200 per hour? Why the stupidity?
“Economics In One Lesson” by Henry Hazlitt is for beginners — most members of Congress are, yet they’re in charge of a Trillion+ economy —-and it should be a required reading for any public official. Ignorant bastards.
