More accurately, we don't have money for you. But for us, we always have money.

Regan, of all the people you could have used, was the president who mandated hospitals cant turn a person away during an emergency situation for being broke. The Democrats and Republicans both didnt enacts a policy like that before him. The specific act was Emergency Medical Treatment and Active Labor Act (EMTALA). It was part of the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 which he also signed into effect. Many criticisms about him are valid. Im going to calling him a dick for the right reasons for integritys sake.

The money printing during a crisis is so you dont lose your job because of economic downturn... The Fed has two madates 1. keep inflation low 2. keep employment high. Sometimes these are at odds though and they have to decide what is more desireable.

Hey man J Powell is doing his best to resist a lot of pressure for short-term market gains that he knows will lead to long term inflation and dollar devaluation. Thats everybodys problem; in fact the rich tend to be less impacted by inflation since so much of their net worth is tied up in properties and stock holdings, which just float up to match inflation.

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