The Pandemic Boom Goes Bust
I am as far from an inflation hawk as you can get. I basically think that any government can both print money and avoid inflation bar external shocks with a modicum of common sense, e.g. don&#x27;t pay people not working to piss off the French and Belgians: <a href="https:&#x2F;&#x2F;www.theholocaustexplained.org&#x2F;the-nazi-rise-to-power&#x2F;the-weimar-republic&#x2F;invasion-of-the-ruhr&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.theholocaustexplained.org&#x2F;the-nazi-rise-to-power...</a><p>Yet we did just that. People not working being paid for existing at a time when the real economy went into cardiac arrest by every measure of actual productivity. Instead of giving people money to chase goods stuck in ports the government should have spent that money on building up infrastructure and have people out doors away from covid.<p>Were I a betting man I&#x27;d say that the reason for doing this was to discredit left leaning economic policy for another 40 years, like happened after the stagflation of the 70s.