This IMHO defends, not defuses the preceding argument. When there was risk of the market crashing, the federal government injected trillions _into the market_. This primarily benefits those with significant capital investments, not those whose ability to provide for themselves and their families is tied directly to regular employment.
Small business, retail and service workers, and employees whose jobs can't be trivially moved online are in desperate straights right now. The Fed's action did almost nothing for them.
Small business, retail and service workers, and employees whose jobs can't be trivially moved online are in desperate straights right now. The Fed's action did almost nothing for them.