The Fed cannot bail out the economy on its own this time. Congress must pass fiscal stimulus measures to replace lost incomes & provide medical assistance to those in need. If the Fed buys most of the debt sold to pay for it, we’re essentially lending money to ourselves.

The Fed cannot bail out the economy on its own this time. Congress must pass fiscal stimulus measures to replace lost incomes & provide medical assistance to those in need.

If the Fed buys most of the debt sold to pay for it, we’re essentially lending money to ourselves.

— Counterchekist (@counterchekist) March 16, 2020