I suspect we are better off encouraging demand side with generous unemployment payments. Something that takes into account your income like UK. This can buffer the impact.
If I'm right in believing this will be an ongoing issue for at least 6 months and likely over a year then nothing is going to realistically save many businesses that have little revenue over these time frames. That said other business will do well like medical and home delivery groceries.
We need to protect people. It truely sux if someone loses their business through no fault of their own but what's important is make sure these people have some money ongoing after the fact. Then the economy will repair itself to the new reality, and again when a vaccine or other solution is found down the track.
Also I think making sure landlords and banks can't kick people outta homes and similar with utilities are important.
Further well likely need some dry power when this is over to kick-start the global economy.
Comments
I suspect we are better off encouraging demand side with generous unemployment payments. Something that takes into account your income like UK. This can buffer the impact.
If I'm right in believing this will be an ongoing issue for at least 6 months and likely over a year then nothing is going to realistically save many businesses that have little revenue over these time frames. That said other business will do well like medical and home delivery groceries.
We need to protect people. It truely sux if someone loses their business through no fault of their own but what's important is make sure these people have some money ongoing after the fact. Then the economy will repair itself to the new reality, and again when a vaccine or other solution is found down the track.
Also I think making sure landlords and banks can't kick people outta homes and similar with utilities are important.
Further well likely need some dry power when this is over to kick-start the global economy.
...hard questions and who really knows.