It doesnt create jobs in US. It is another bulk order of factory line-items for those already ingratiated with a comfy MIC contract. No one benefits except the neo-cons and the ones already with their feet up.
Europe's bill may create jobs in Europe, if it was genuine.
>billions in humanitarian support spend in Europe are mostly just housing refugees from Ukraine in Europe thus flows to landlords and supermarkets in Europe.
I am sure printing money to then distribute to those with real estate property to house migrants is doing well for your housing/immigrant crises.
>This war in Ukraine is costing us pennies for each dollar
Approximately 46 pennies on every dollar that exists has been printed or misspent in the last 5 years.
Now that the state-level propaganda machine is starting to wear down, the world is realizing that America wants America First.
> Approximately 46 pennies on every dollar that exists has been printed or misspent in the last 5 years.
What does this even mean?
And do you realize that most of American GDP prowess in the last 40 years was driven by running a trade deficit and letting the world loan the money back to the US?
Even if it doesn't enter M1 circulation and directly increase monetary supply, it put upwardly increasing inflationary pressure on the dollar by inflating demand artificially.
Increasing M1 alone doesn't necessary lead to inflation. Unless people spend money nothing realky changes. I am also not sure who would care about cash and equivalents when M2 and M3 measures are usually much bigger.
I would look more towards outstanding bonds or GDP to debt ratio. The US has overspent for decades but it worked very well because as world's reserve currency it didn't lead to currency depreciation as any other country would have experienced in a similar situation.
Europe's bill may create jobs in Europe, if it was genuine.
I am sure printing money to then distribute to those with real estate property to house migrants is doing well for your housing/immigrant crises. Approximately 46 pennies on every dollar that exists has been printed or misspent in the last 5 years.Now that the state-level propaganda machine is starting to wear down, the world is realizing that America wants America First.