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Both Democrats and Republicans approved a massive omnibus budget that spends nearly a trillion dollars for Covid-19 relief. This includes checks of $600 to any Americans making $75,000/year (or less) regardless of their employment situation. Now, President Trump and other voices on the left and the right are arguing to increase this payment to $2,000. The media narrative and many other people are calling this a “stimulus,” but what will it stimulate? On this episode, we go through the five reasons why so-called stimulus checks (of any amount) are not the answer to economic hardship caused by the pandemic, and why safely re-opening the economy is the best approach.
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