Comment by vmception

We are not at the end of easy money. International tolerance of our dollar and bonds show the perpetuation of easier money. The Federal Reserve can bail out every municipality if Congress got scared or convinced enough. The pandemic relief was prewritten and had nothing to do with the pandemic, almost no Congressperson read it. The extension of “credit”/unconditional Main Street bailouts was already pre analyzed to prevent private sector freezing of credit. Anything and all is possible as has been demonstrated. Econ majors have their university streaming subscription on pause because their professors have no idea anymore.