Rob Arnott on the Biden proposed $1.9 billion stimulus package

Words matter.  Applying the word stimulus to spending large quantities of money on a fiscal basis that we don't already have, creating new money from the central bank, it all feels good.  Stimulus, think of it as a little bit like heroin.  I've heard that heroin feels good.  But it doesn't do you a lot of good long-term.

~ Rob Arnott, Yahoo Finance interview, 0:45 mark, January 25, 2021