You’re comparing weekly stimulus numbers to annual GDP numbers. If you compare t... | Hacker News

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mulmen on Aug 10, 2020 | parent | context | favorite | on: The Most Counterintuitive Recession Ever

You’re comparing weekly stimulus numbers to annual GDP numbers.

If you compare the stimulus payments in similar annualized terms it is nearly half of GDP. $9.36 Trillion.

Having said that, the relevance of GDP in a conversation about inflation is unclear to me when GDP does not account for inflation.

treyfitty on Aug 10, 2020 [–]

GDP is often quoted as Real GDP using chained prices. So it does account for inflation.

mulmen on Aug 10, 2020 | [–]

Thanks I clicked through the Wikipedia reference and the IMF numbers quoted do appear to be Real GDP.

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