03-18-2020, 11:45 AM
If anything, the government and Fed are signaling a more overt embrace of Modern Monetary Theory (the Fed has been using it in practice for decades). Increases in liquidity to the private sector from the manager of the money supply appear to be the order of the day. The priorities for where that increased liquidity shifts may change under a new administration, but I doubt Biden would be looking to decrease liquidity to any particular sector of the economy.