Second Stimulus - The current inflation stems from massive spending: in 2020 & 2021, the gov't spent the equivalent of 27% of GDP on “Covid relief” & “stimulus,” the second-largest fiscal response as a percentage of GDP of any industrialized nation, paid for by newly created $ from the Fed Resv.

7:05pm PDT - April 4th, 2022

The current inflation stems from massive spending: in 2020 & 2021, the gov't spent the equivalent of 27% of GDP on “Covid relief” & “stimulus,” the second-largest fiscal response as a percentage of GDP of any industrialized nation, paid for by newly created $ from the Fed Resv.

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Darlene (@darsch1234)