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Image:  Making paper money, Bureau of Printing and Engraving, Washington, D.C. Veronique de Rugy, @veroderugy, Mercatus Center, in re: Economy grew 7.4% in the third quarter—a staggeringly good pace. Demand for $2.2 trillion in compensation for Americans’s being stuck at home. Why doe we need money fro Congress?  Lack of humility, as though that’d do better than money from investors and actual work by citizens. When we had 14% unemployment, we also spent $2 trillion; now we’re at 7% and  they still want to spend the same. Keynes at the end of his life withdrew his notion that govt spending multiplies value. He realized that we get maybe 36 cents on a dollar.  (Can get 88 cents’ return on a dollar.) “We don't care about stimulus, just about people who need help”—put the PPP money to keep people employed went to big, rich companies.  Requirement was to return idle resources back to work. CARES Act/Heroes Act, Mrs Pelosi’s bill. Economy can't be stimulated if the stores are closed. You'd think they’d adjust their response to the state of the economy, but they don’t—that’s not what they care about. The airlines will get their bailout & it'll help shareholders and creditors; won't help the employees.