Second Stimulus - The current bout of inflation stems from massive spending: in 2020 and 2021, the government spent the equivalent of 27% of GDP on “Covid relief” and “stimulus,” the second-largest fiscal response as a percentage of GDP of any industrialized nation.

12:16pm PST - March 10th, 2022

The current bout of inflation stems from massive spending: in 2020 and 2021, the government spent the equivalent of 27% of GDP on “Covid relief” and “stimulus,” the second-largest fiscal response as a percentage of GDP of any industrialized nation.

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Kamai (@Kamai00206612)