I’m writing this piece to paint a better picture as to exactly what happened to the economy during the Covid crash, and what the Fed did to support the economy. It’s a bit long, quite complicated, and also I’m an idiot with zero formal economic background so take everything you read here with a grain of salt. Some bits of this are stolen from Stanley Druckenmiller’s talk with USC. Other parts are stolen from random websites that I stumbled upon during my Google searches. I am a thief.