there are distributional impacts from crowding out and potential long term effects on AS, never to mention that the inflation risks are very real… debt is likely already politically constraining the fed right now
You're upgrading from a crisis that impoverishes a bunch of people to ... a crisis that impoverishes everyone. Unclear what the improvement was. And potentially literally how you get Hitlers running the government, inflation is one of those effects that breeds political instability.
You said we - possibly there is a flaw in my grammer. How should I be referring to this "we"? Isn't the "I" to "We" transform applied to "you" still "you"? I thought "you" could be plural for groups.
I don't think going from "we" to "they" would be appropriate although in hindsight it might have been a better choice.
