And a massive increase in crypto scams. And a massive increase in collectibles prices like trading cards and old video games. So much cash sloshing around. Everything inflated except the consumer price index (especially if you adjust the automotive, fuel, and electronics sectors of CPI because those price increases reflect supply issues rather than stimulus demand). Where did all that money go?
The untargeted stimulus just enabled mob madness and scams paid for by tax dollars. Wealth redistribution from the tax payer to the dishonest and lucky.
The untargeted stimulus just enabled mob madness and scams paid for by tax dollars. Wealth redistribution from the tax payer to the dishonest and lucky.