Cards as an inflation hedge ?

[BobC]

Originally Posted by Leon

The government has given out too much free money. It has bad side effects.
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Leon,

Maybe yes, maybe no. But to keep stimulating the economy and have it keep going so it didn't collapse, that was the main concern. I'm sure a lot of people in the government were looking back to the 2008 economic collapse and thinking, "We're going to have this again AND a health crisis, at the same time?".

We don't know what may have happened had the government done nothing. Of course now we've got a record amount of national debt we're sitting on, an infrastructure that definitely needs maintenance and updating, more expenses and costs we're going to continue to incur and see coming in regards to all the energy and global warming issues, and rising inflation and costs everywhere, coupled with supply chain issues and shortages around the globe. And this pandemic and how that all eventually plays out still isn't known yet.

We're going to be feeling something from this alright, like with all these tax laws changes already occurring that are being made to try and bring in more tax dollars to pay for everything. But in regards to the economy itself, there's even been talk about bringing back more stimulus payments to individuals now. Which just goes to show how worried the government may still be about the overall economy going forward. At least the government is doing something to try and keep things going well in regards to the economy. Would you really rather they do nothing at all and let the fate of our economy be left solely in the hands of Wall Street and the business leaders in this country, and trust they'll somehow band together to put their interests on the back burner to look out for everyone else in all this? And think about that extra hard before you answer!

My gripe was with the people talking about the businesses getting PPP money that may have ended up not needing it to survive the pandemic after all, and how therefore, they were somehow morally or ethically wrong. They were only doing what the government wanted and felt they needed them to do to keep that economy going. If they want to blame someone, blame the government maybe, but why blame the businesses? But before you start blaming the government so much, what would you rather they had done instead? Who knows? But at least for where we are right now after almost two years of this pandemic, we sure could be a lot worse off. Enough of my crap............