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

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The fed is more powerful than the government that we elect and they are pumping trillions into the monetary system.

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Most people don't realize there's a checks and balances in the "fed" between the Board of Governors and non board members of the FOMC. Their appointed terms are intentionally 14 yrs to avoid political volatility. So they may be powerful for a spell but not above government.

But yes when the FOMC buys securities => inflation.

However, that's the "price" of economic stability in equations I doubt you nor the OP have ever had exams on in college.

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There's a reason central banks were resisted for years in this country.

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There it is. Your credibility is shot or indisputably skewed if you're anti-central banks. The Aryan Nation resists central banks.
Bye boy.

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However, that's the "price" of economic stability in equations I doubt you nor the OP have ever had exams on in college.

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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.

Having a college degree is nice. I'm sure you know far more details than I do. That doesn't mean I can't comprehend the big picture and realize what the result of this is going to ben. You just admitted that inflation the result. So it looks like I dont need a degree in finance.

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There it is. Your credibility is shot or indisputably skewed if you're anti-central banks. The Aryan Nation resists central banks.
Bye boy.

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You infer I'm a white supremacist, yet my credibility is the one in question? That's rich.

What a dumb position. You posit that one's opinion is incorrect if it doesnt support centralized banking. Now that's really dumb. Really, really dumb.

Taxes are theft? Ok. What do you want to pay for the military, federal highways, law enforcement, and similar things? I guess they should all be volunteers and work out of the goodness of their heart. Forget about schools, libraries, fire departments, the CDC, we don’t need all that excess stuff, do we?

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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.

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I work in the financial world and we’re all talking about this. I actually emailed both my Senators strongly opposing the bill.... and I would looooove $1,200.

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Glad to hear that. Cause the other supposed expert in here has apparently sold out and is determined to grovel at the feet of the Fed.

(no message)

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What does don't fall for it mean?

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Don't believe they're refunding your money or that they're doing this to help you. The vast majority of the money goes to keep business afloat, not you or me. That's what this is really about.

You mean the stuff everybody uses but not everyone funds? Yea those