RE: Official live update of spread of COVID19
March 12, 2020 at 3:22 pm
(This post was last modified: March 12, 2020 at 3:23 pm by BrianSoddingBoru4.)
Questions for people who know more about this than I do (i.e. everyone):
I just read that the US Federal Reserve is going to pump 1.5 TRILLION dollars into financial markets to get people to calm the fuck down. Is this real money, or some sort of jiggery-pokery with balance sheets?
If it’s real, actual cash, what happened to the we-can’t-afford it argument when it comes to spending on things like healthcare and public assistance?
If it’s simply accounting magic, how is it going to actually help?
Please keep your answers short and use small words. Pretend I’m Trump.
Boru
I just read that the US Federal Reserve is going to pump 1.5 TRILLION dollars into financial markets to get people to calm the fuck down. Is this real money, or some sort of jiggery-pokery with balance sheets?
If it’s real, actual cash, what happened to the we-can’t-afford it argument when it comes to spending on things like healthcare and public assistance?
If it’s simply accounting magic, how is it going to actually help?
Please keep your answers short and use small words. Pretend I’m Trump.
Boru
‘But it does me no injury for my neighbour to say there are twenty gods or no gods. It neither picks my pocket nor breaks my leg.’ - Thomas Jefferson