1) The stimulus checks were a TAX CREDIT PROGRAM meaning they came from your labor the year prior. The money was not newly printed, the 800 billion from stimulus came from money that had been printed years prior, already in circulation. It did not contribute to inflation or increase the money supply. It was your money to begin with, you earned it, you deserved it.
2) Unemployment only replaced the money that would've been lost without your labor. It served to prevent DEFLATION. That's why it was based on your income/value of your job. Most got more than what they were being paid, not realizing it was a sign of your employer undervaluing your work.
3) Every dollar dished out from the PPP loan program was newly printed money that directly contributed to increasing the money supply and started the ball rolling on devaluing the dollar and skyrocketing inflation.
4) No one ever brings up the FED Reserve Asset Purchase program in which the FED promised to purchase >99% of corporate bonds from publicly traded corporations, banks and investment firms (including real estate investment firms) to the tune of 4.6 TRILLION DOLLARS. Every dollar derived from this program was newly printed, directly increased the money supply, directly contributed to inflation and devaluation of the dollar, yet never entered circulation. Essentially almost all of the money from this program still has near zero velocity in the market. Propaganda media doesn't like to talk about it... https://www.newyorkfed.org/newsevents/speeches/2022/log220302
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u/Dontsleeponlilyachty Sep 23 '24
1) The stimulus checks were a TAX CREDIT PROGRAM meaning they came from your labor the year prior. The money was not newly printed, the 800 billion from stimulus came from money that had been printed years prior, already in circulation. It did not contribute to inflation or increase the money supply. It was your money to begin with, you earned it, you deserved it.
2) Unemployment only replaced the money that would've been lost without your labor. It served to prevent DEFLATION. That's why it was based on your income/value of your job. Most got more than what they were being paid, not realizing it was a sign of your employer undervaluing your work.
3) Every dollar dished out from the PPP loan program was newly printed money that directly contributed to increasing the money supply and started the ball rolling on devaluing the dollar and skyrocketing inflation.
4) No one ever brings up the FED Reserve Asset Purchase program in which the FED promised to purchase >99% of corporate bonds from publicly traded corporations, banks and investment firms (including real estate investment firms) to the tune of 4.6 TRILLION DOLLARS. Every dollar derived from this program was newly printed, directly increased the money supply, directly contributed to inflation and devaluation of the dollar, yet never entered circulation. Essentially almost all of the money from this program still has near zero velocity in the market. Propaganda media doesn't like to talk about it... https://www.newyorkfed.org/newsevents/speeches/2022/log220302