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FYI, the amount that the Fed just injected almost covers all student loan debt in the US. There is absolutely NO excuse for not pausing student debt collections, planning for mortgage &rent relief, etc. We need to care for working people as much as we care for the stock market. https://twitter.com/AliVelshi/status/1238153956645363714 …
I mean sure, no disagreement on the liquidity point. But if a household cash giveaway is the point they should just say that! Undermining confidence in the fed seems bad. And in either case it's kind of a category error to compare a treasury repo to an out-and-out cash giveaway
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