People have been given money to replace the amount they would've earned, but the work they would've done hasn't happened. All of the goods and services they would've produced no longer exist. The government tried to make up for the fact that large amounts of the real economy were shuttered by printing money, with predictable results.
Care to elaborate, because *if* there is going to be a fallout from these massive stimulus packages, it certainly doesn't feel predictable to me.
Indeed, we all like to think doomsday scenario, and covid-19 have trained our brains to think the unlikely is likely.. but it's not even obvious there is going to be a fallout from all this stimulus.
