Quote:
Originally Posted by Enoch Root
Way more money in the last 2 years than in 08/09.
Also, that was during a financial collapse - we would have had deflation, probably massive deflation, if not for the stimulus.
This time we have massive spending, along with supply chain issues, and a global recovery, with a war cherry stuck on top - kind of a perfect storm.
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Yeah, that amount of money that everyone was up in arms about in 2008-09 is paltry in comparison, no question. But again, what would you have had them do in March 2020? Once the decision was made to put the economy into hibernation (which was completely uncharted territory(, there weren't many choices aside from sending out a lot of cash. If that doesn't happen, you almost certainly get civil unrest as people are starving and have no way to provide for themselves.