Don’t be selfish; spend your stimulus check (Monetary Policy)
The Federal Reserve has used every tool they have to incentivize spending and borrowing, measures that exceed their actions at any other point in history. Macroeconomic tools are like adjusting the throttle and turning the wheel on the Titanic—there is going to be significant lag before your speed and course adjusts, and by that time you may be trying to steer in a different direction. If you’ve ever driven a boat, you understand. The U.S. economy is the biggest boat ever built.