But… That’s $173B that goes directly into the economy, bypassing the financial system. So whereas x billions loaned for credit from the treasury, inflates by say ten times (reserve limits), and slowly puts consumers into debt, this rapidly affects spending without rent seekers. https://twitter.com/curtdoolittle/status/1239619365143707648
Source date (UTC): 2020-03-16 18:32:44 UTC
Original post: https://twitter.com/i/web/status/1239620631626428416
https://twitter.com/curtdoolittle/status/1239619365143707648
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