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Old 04-03-2021, 12:20 AM
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Dondilion Dondilion is offline
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Join Date: May 2009
Posts: 10,580
Since $3 trillion is the plan, one can reasonably expect that it will evolve to say a $9 trillion reality. This implies more printing of fiat.


There is a big difference in the dollar's reach and spread from government spending in comparing the new deal era to now. For instance, road building once carried a crowd; not anymore.

Another significant difference re new deal era versus now: The new deal era - a dollar spent in America usually put Americans to work; now - the spent dollar (just looking at Walmart) seems to employ a significant amount of Chinese. That aspect won't change in the near to medium future.

A look at California's construction of a high-speed rail.
https://city-journal.org/high-costs-...igh-speed-rail
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