06-06-2024, 08:33 PM
borrowing 10 billion dollars a day
A lot of that was from the free money given out during COVID. People couldn’t work, but needed money to survive.. Businesses weren’t open, and it was deemed preferable to pay them money than to have them close down. Etc.
Inflation was/is from money pumped into the economy that was not earned or produced from manufacturing, work, etc.
But the alternative probably would have been far worse.
A lot of that was from the free money given out during COVID. People couldn’t work, but needed money to survive.. Businesses weren’t open, and it was deemed preferable to pay them money than to have them close down. Etc.
Inflation was/is from money pumped into the economy that was not earned or produced from manufacturing, work, etc.
But the alternative probably would have been far worse.