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 s…
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.
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.