I’m talking about printing money and using it to pay bond holders.
I think that would do even more to devalue the dollar and inflate things than just cutting checks to households would, if only because bond holders are the types to watch everything the government does and try to get a step or two ahead with their trades and stuff. They’d see that and react like the CNBC hosts did when the GameStop guy said he was gonna buy eBay by just issuing a bunch of new stock.
I think that would do even more to devalue the dollar and inflate things than just cutting checks to households would, if only because bond holders are the types to watch everything the government does and try to get a step or two ahead with their trades and stuff. They’d see that and react like the CNBC hosts did when the GameStop guy said he was gonna buy eBay by just issuing a bunch of new stock.