Incidentally, Australia also pumped a fair bit of cash into the economy in order to counter the GFC.
But instead of giving it to the banks, they sent a lump of money to every person in the country. Fortunately for us, we’d elected a democratic socialist government just before it hit.
My portion went towards buying a motorcycle from a mate, because I needed a new bike to get to work. In turn, he spent the money on feeding his kids.
It worked. The GFC was basically a non-event in Australia.
