Does the government just print money?
In the normal scheme of things, we don’t really question where money comes from or how the system works. We only pay attention if it stops working, or, perhaps, when we see our government follow up the biggest spending bill in history by casually mentioning it may add a few hundred billion a few weeks later. The American Recovery and Reinvestment Act of 2008 under President Obama was initially billed at under $800,000,000,000 (800B), as a reminder, and here we find ourselves talking about The CARES Act as “2 Trillion” just because it’s easier to say than “2 point 3 Trillion”! Two syllables, three hundred billion dollars.