Biden advisor defends stimulus and inflation surge: 'The real cause was the global pandemic'
Biden advisor defends stimulus and inflation surge: 'The real cause was the global pandemic'
Heather Boushey is a member of President Joe Biden's Council of Economic Advisers.
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You can literally graph the total supply of money and see how much money was added into the economy in a short period of time.
https://fred.stlouisfed.org/series/M2SL
It was the correct decision to avoid immediate economic catastrophe and I very much support it but it doesn’t mean you can just deny the consequences of that decision. Don’t be a moron.
I wonder how bad it would be to just let weak companies collapse and weaker jobs disappear.
There's a bunch of dysfunctional companies and jobs that are mostly kept afloat by cheap money and parasitic behaviors. Would be interesting to prune the economic system and see if capitalism flourishes again.
if by prune you mean dismantling and get rid of the entirety of capitalism then i'm with you.