Once the States decided on lockdowns and border closures, the Federal Government had decisions to make. Either support individuals and businesses, or don't. IMO the correct option to provide support was taken.
Yes, we are now experiencing inflation. What was the Federal Government's alternative at the time though? Don't provide the support, watch unemployment and business closures sky rocket, and end up in the same debt position anyway due to falling tax receipts and increased welfare spending? Settle into a prolonged period of recession instead of the quick dip into a potential recession we may experience now?
There was no perfect solution available that would allow for low COVID deaths, no debt increase, no unemployment increase etc. I live in reality, it appears you live in an alternate universe.
Cheers!
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