Why Are Republicans Being Such Assholes?

At this point more debt raises taxes on the middle class in proportion to the Fed balance sheet. So we simply generate more unemployed each time we do the stimulus.

Kevin Drum is suffering from a bad theory of central banking.

The difference in those two lines is covered with by bank taxes, generally applied to retail accounts. Every time Drum exercises his bad banking theory more people lose their future. His favorite economists got this wrong.