Many people and things... Solutions Here...
Consequence of remaining irresponsible as voters...
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- John
- I am married and we have 3 adult daughters and a dog. We live in Plymouth MN. My interests are learning, communicating, home improvement projects, motorcycling, boating, and other outside activities. Thank you for reading my blog and have a great day !!!
4 comments:
Everyone was worried that the economy would grind to a halt during the pandemic, that liquidity would disappear. So what we did was print money and throw it at the economy. Markets stabilized but the price would be inflation down the road. I think this was pretty generally understood at the time. Printed cash doesn't unprint itself. As it is, I have been amazed the economy has recovered as quickly as it has.
--Hiram
I will disagree... They printed WAY TOO MUCH MONEY !!!!
Whether they did too much or not enough, I think, is too complicated a question to answer. I think that's because there are 300 million Americans and each of them is in different financial situation, and each of them is affected differently by broad economic conditions, both positively and negatively.
I won't ever know if we threw too much money at the problem or not enough. For myself, the cost of eggs has gone up but so has the value of my portfolio. Has the policy been good or bad for me? What I do know is that our economic policies during the pandemic and it's aftermath would have both positive and negative consequences, and the party in power would claim responsibility for the positives, and the party out of power would blame the other party for the negatives.
--Hiram
That is true...
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