Imagine what America would be like now if every adult knew they’d be getting $2k/mo (retroactively to when the pandemic began) & $1k for every child. Imagine how much panic, suicidal despair, domestic conflict & hunger would fall away. And be clear: we have the money to do that.
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2,887
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We only have the money if we print it. That didn’t work out too well for a Nicholas the 2nd. The runaway inflation that ensued led to a destabilized society and fueled the Bolshevik Revolution. We already have a hypoerpolarized culture & unrest—adding inflation would bring doom.
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I’d like to believe that but interest on the pre-COVID stimulus would be $1T by 2029. I have not seen the new interest curve, but with additional debt now at $27T, the interest will climb to 25% of the US annual budget. IMO we should quarantine the vulnerable & let people work.
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