Once the money helicopter takes off, it can never again land. It's also why once a country is on the road to socialist utopia, also known as Venezuela or CHOP, and "free money for everyone" has been unleashed, there usually are no detours until financial ruin for everyone is finally achieved.
And while the road to hell may or may not be paved with good intentions, it certainly is lined with Magic Money Trees, and all around them are cluelesssocialistKeynesian economists who fail to grasp (or perhaps grasp all too well) that the current situation is no longer fixable, and their only policy recommendation is to do even more of what led the world to the edge of financial ruin.
According toReuters, a group of 153 "left-leaning" economists have signed a letter calling on US policymakersto keep providing direct cash payments to Americans until the economy is stronger. And since the economy will never get stronger as long as tens of millions receive hundreds of dollars in government checks, listening to these clueless morons is the surest way to achieve Putin's and Xi's vision of destroying America from within, without ever firing a shot.
The group of "mostly left-leaning" economists said in an open letter organized by the Economic Security Project and The Justice Collaborative that direct cash payments can improve financial security, boost consumer spending and may speed up the recovery. Of course, direct cash payments tend to achieve just the opposite, but let's not bother the "left-leaning" economists with such trivial as reality and facts.
