The U.S. Treasury has an extra $1 trillion in unspent funds from the last stimulus injection. Why did we need another $1.9 trillion package when we had extra $1 trillion? Why do we need even more money printing…why all injections? Is the financial system and economy now fully dependent on massive liquidity injections to keep is going?
Published by markskidmore
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times. View more posts