That's comparing apples to rocket ships. WWII had a purpose, i.e. defeating Nazi Germany and Japan. We did that. And much of the world that produced things before the war (i.e. Europe) was destroyed. So we could spend what we did and then we had the luxury of a world without competition for a large part of the next decade. And even then we still had issues with recessions and winding things back down, but we could do it in a very amenable world-wide situation. It made coming out of the Great Depression, which we had struggled with and not really accomplished in the late '30's, possible.kalm wrote: ↑Sat Nov 08, 2025 8:04 pmIt’s how we got through WWII debt and inflation. Covid was uncharted territory. There was no formula for how to survive it economically. Plus, that spending on people increased demand.BDKJMU wrote: ↑Sat Nov 08, 2025 4:36 pm
That’s because the ‘We got to do something‘ stupidity of politicians wasn‘t limited to the US.
Without Covid .9 trillion Covid relief bill 2 (Trump) and 1.9 Covid relief bill 3 (Biden) + another 4-5 trillion or so profligate spending under Biden (so called Infrastructure, inflation creation Act, Ukraine, etc, etc) from the Magic $$$ Trees in DC we wouldn‘t have had hardly any inflation. Newsflash:
-If you give most families of 4 four three rounds of 11.6k in $$$ (3.8k per adult, 2.5k per child) for doing nothing.
-Pay people extended enhanced unemployment for up to 1.5 years to sit on their ass.
You create inflation because
-Cause labor shortage’s.
-Increase labor costs.
-Too much $$$ chasing too few goods.
All of which increases inflation.
Then wait for a full year to start to increase interest rates to tamp down the inflation (while never turning off the $$$ spigots) you kill the housing market.
COVID was literally turning the switch off on a good economy and then, a few months later (and it was later than it should've been turned back on), we flipped the switch back on. There was nothing systematically wrong with the economy before COVID, so the economy after COVID started from a good foundation as well. Biden's significant error economically, and what really sunk his Presidency in total, was trying to pretend that COVID was something bigger than it was economically and using it then as cover to trial out Modern Monetary Theory (i.e. unlimited government spending leads to unlimited benefits for all) on a macro scale. Obviously, it failed, and failed massively through runaway inflation. Yes, the spending on people increased demand, but it increased it so quickly, without also being able to increase the supply, that simple economics predicted the huge spike in inflation that followed (too much money chasing too few things ALWAYS results in higher prices, i.e. inflation). Inflation is almost always a money supply issue and that was borne out with Biden's massive fiasco.








