re: There is a common misconception here about stimulus checks.

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The problem with that theory is that the "stability" is a crock. It does provide some general overall stability, however it only benefits those at the top of the chain. For everyone else it's a net negative, since they now have less money than they did before the Fed decided to print more money.

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What?

It’s not a net negative for people who are out of work and struggling to pay bills right now. And those are the people who ultimately keep the economic wheels turning.. by buying things and paying bills.

Of course there’s a long term downside to the stimulus package. That’s obvious to anyone who can walk and chew gum at the same time. The question is whether the negative impacts of doing nothing are greater.