It has, as has similar efforts worldwide which also saw similar or worse levels of inflation. We were dealt a shit hand and the thinking was it's less pain overall compared to the alternative.

That said, the amount of fraud that was perpetuated here without any follow-through on enforcement is ... extremely not good.

▲

jimbokun 5 hours ago | parent [-]

I think lack of enforcement was a deliberate decision to get the money out faster.

If each claim was investigated closely before paying out, it may have resulted in higher unemployment and lower economic output.

	▲	OkayPhysicist 3 hours ago \| parent [-]
		Most of the fraud was the business loans, that they then forgave. That structure innately gave them the opportunity to take their time investigating them, after the benefit was already produced. They just chose not to.