If no one is buying, the future isn't worth investing in.

Conversely, if everyone is buying, tech will unleash material prosperity validating those larger dollar flows faster than "too many dollars" make us "go Weimar" and society falls part.

The mistake has been relatively inefficient forms of stimulus that arguably prop up asset prices more than they increase spending, but hopefully the pandemic checks demonstrate us turning a new leaf there: they clearly worked better than whatever shit Larry Summers told Obama to do, as the original graph shows!