There were two justifications for excess stimulus: the first COVID stimulus was potentially justifiable as precautionary (not wanting to be stingy), and the second stimulus under Biden was motivated by Democratic/Biden administration goals of wealth redistribution and universal basic income, which together created the price changes experienced.
causalpending
Speaker
Ray DalioEvidence Quote
“there was the second time around when the Democrats um and Biden got elected and they're talking about the redistribution of wealth Universal basic income...that combination of that big wave and the printing of money produce the price changes [8:53]”
Created: 8/11/2026, 8:00:09 AM
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