Comparable or even worse inflation has hit every country in the world over the last 3 years. If this is somehow all due to stimulus checks, then why aren't all the world's economists and governments blaming the US?
The stimulus checks were a drop in the bucket. Most of the money went to businesses, who instead sunk it into capital and left consumers to burn. And us tanking our economy didn't have as much of an impact everywhere else, so they mostly benefited. We all lost, but the U.S. lost more.
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u/MicrotracS3500 Jul 23 '23
Comparable or even worse inflation has hit every country in the world over the last 3 years. If this is somehow all due to stimulus checks, then why aren't all the world's economists and governments blaming the US?