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by ponsin 2143 days ago
how is Germany's solution any different than giving unemployment benefits for furloughed employees? Regarding the Fed, they _could_ just print gobs of money, and probably nothing bad will happen in the near future. But if you want examples of why printing gobs of money is bad, just looks at the many other countries that tried that. Also, I would think that if the fed decides to print gobs of money, it would be bad for them to allocate all of it to repaying bank mortgages. I would much prefer the money gets distributed to the people (eg. $1,200 per person) or as loans to keep small businesses afloat until after the pandemic