Over how long a period? $300B is a drop in the bucket of the overall economy. And, as has been pointed out, it's not as though people are getting mailed checks, they are merely seeing the balance they owe drop by $10K or $20K. No one suddenly has a lot more money to spend right away. Any inflationary effects that this will have will be so widely dispersed in both time and amount as to have no appreciable effect.
I've seen estimates of $300 billion. If this is in the ballpark, it is not negligible. Possible that these estimates are wildly inaccurate.
Over how long a period? $300B is a drop in the bucket of the overall economy. And, as has been pointed out, it's not as though people are getting mailed checks, they are merely seeing the balance they owe drop by $10K or $20K. No one suddenly has a lot more money to spend right away. Any inflationary effects that this will have will be so widely dispersed in both time and amount as to have no appreciable effect.
If I understand the program correctly it's basically the government forgiving it's own loans. No new money is being sent to individuals.