Double the deflationary force

In the US, a new plan seems to be forming for 2021. It involves the Federal Reserve expanding its balance sheet ("printing money") by about $3.5 trillion, while Congress spends roughly the same amount. That is about 18% of GDP,

Someone at Forbes pushing Shelton nomination. 

He is right about one thing, we do not get deeply negative rates, we get a long term, never ending deflationary tax which spirals down in a negative feedback loop. Holding idle cash becomes tax avoidance. The result is falling market share for regu......How many times have I repeated this?

The post is also correct that the economists pushing 'This time is different', have no real evidence that it is. These same economists fail to see the repeated patterns.   They are all hiding in this mythical, 'in the long run'.   

I think economists have pocketbook conflicts, like the MDs. The union forces are slightly influencing their opinions.