
Some people think that a new round of stimulus spending by the government will make everything good. The first round was effective because it aloud many more poeple to stay clothed and fed than would have occured if we relied just on the private sector. However, for the most part all the goods needed were available and this large influx of money with little productivity behind it did not cause inflation. However, if there comes a time when necessities become scarce we will have inflation and the government will not be able to print enough money to keep the economy going. We could live without a new pool or buying that third TV, but if soup becomes scarce the country is in trouble.
My recommendation for individuals and families today is to stock up on essentials. This is more important than it was during the first wave. Politically, I hope you are asking your representative what can be done to make sure essentual goods will be available if there is a second wave of the virus.
I post more frequently on my Facebook page Tom McMasters Political Thoughts.