Debates over coronavirus stimulus have focused on whether the benefits of spending are worth increasing the national debt. But the U.S. government will never have to pay back much of that debt — because it owes the money to the Federal Reserve.
Stimulus Checks: Direct Payments to Individuals during the COVID-19 Pandemic
Jonathan Smith: How do governments create money out of thin air?
What the COVID Experience Teaches About Designing a New Stimulus Package - Knowledge at Wharton
Monetary Policy - Intelligencer
The Economy - New York Magazine
Understanding the CARES Act: The $2.2 Trillion Stimulus Package
COVID-19's Total Cost to the U.S. Economy Will Reach $14 Trillion by End of 2023 – USC Schaeffer
Monetary Policy - New York Magazine
Stimulus Check Status: 8 Million Americans Cut Out of $1,400 Stimmy Payments - Bloomberg
State Stimulus Checks Are Inflationary? Not Particularly.
Jerome Powell - Intelligencer
The Governments Were Financed Through by the Printing Press, And Now We Have Inflation - Blog - Austrian Institute
