Does that go into the hands of consumers though? The great thing about debt forgiveness is it goes directly to the population.
The only more direct route would be to write everyone a check! (…and I just remembered Trump actually did that.)
The only more direct route would be to write everyone a check! (…and I just remembered Trump actually did that.)
https://www.tutor2u.net/economics/reference/multiplier-effec...
In that time our national debt went from $9B to $33B. GDP went from $15B to $25B.
You can always calculate the multiplier, but in this context the multiplier would really need to be greater than 1 to show a meaningful economic benefit to the additional spending, and the debt to GDP ratio would decrease as GDP would grow faster.