Pretty sure if the government had a money back guarantee it would somehow be bureaucratized into oblivion like the DMV (and I picture the DMV as throwing cash into a furnace). And the constitution does actually say that congress controls the purse strings. The constitution doesn’t give the government a lot of explicit power, but it does grant them that. And it worked for most of our history up until the past few decades when they can’t put together a budget to save their constituents lives.
But whatevs, the politically independent central bank just has to work hand in hand with them to figure this all out. No big deal. Not going to have massive repercussions on the investments that social security and private retirements are built on for the next couple decades or anything like that…
You know, there’s a couple of bills now that want to give americans $2,000 for every month we’re in a state of emergency with COVID. I hope they do it. I’ll throw it all into low-cost investments and foreign made synthesizers. Or used stuff. Not gonna give them the GDP, no sir.
