The Federal Reserve mishandled COVID stimulus: two large stimulations sent out checks exceeding twice the negative economic impact from COVID itself, which created excess buying power and caused the inflation experienced, rather than just replacing lost income.
causalpending
Speaker
Ray DalioEvidence Quote
“they sent out more than twice as much money as the negative impact from the uh covid was...if you send out more money with buying power then you create more prices going up you create the inflation that we've experienced [7:19-7:50]”
Created: 8/11/2026, 8:00:09 AM
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