I don’t think the problem is a failure of understanding, but a failure of tolerance for the externalities caused by the presently available means of stimulus and accounting for it.
Measurable direct distribution of liquidity to consumers vs unmeasurable credit expansion.
Source date (UTC): 2020-06-29 16:58:28 UTC
Original post: https://twitter.com/i/web/status/1277647635357356032
Reply addressees: @Lord_Keynes2
Replying to: https://twitter.com/i/web/status/1277647102814744576
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