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The U.S. economy might have been able to "absorb" a Trillion+ of pandemic debt to keep the economy from crashing. But $8 Trillion is going to have an effect that won't be swept under the carpet. And the morons we elect to make monetary decision are clueless. Janet Yellen on
TV the other day shilling for the additional $3.0 Trill infrastructure package was saying more debt would be good for the economy. Meanwhile, last month the U.S. added 200,000 jobs, but 4 million people left the workforce, most to await their infrastructure dividend check.
The Cliff's Note's version for LWJ is there's too much cash floating (think an explosion in Scrooge McDuck's basement vault) around the system, chasing too few goods & services (see empty shelves).
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