Implied in your comment is that today's crisis is one similar to 2008 in that the economy needs "stimulus."
Today's crisis is different. The regular economy is grinding to a halt because we have to in attempts to slow the spread of the coronavirus.
What individuals and every component of the economy need are deferral and cancellation. Rubidium talked about it in another post. [0]
$1,000 to a family that is living paycheck to paycheck doesn't solve the problem. Do a search and most surveys put America at somewhere between 70-80% of workers living paycheck to paycheck.
So let's discuss giving Americans money but only to move the Overton Window. Then let's lead that discussion to solutions that address the fragility of our economic problems at their root--both in the short-term and long-term.
Today's crisis is different. The regular economy is grinding to a halt because we have to in attempts to slow the spread of the coronavirus.
What individuals and every component of the economy need are deferral and cancellation. Rubidium talked about it in another post. [0]
$1,000 to a family that is living paycheck to paycheck doesn't solve the problem. Do a search and most surveys put America at somewhere between 70-80% of workers living paycheck to paycheck.
So let's discuss giving Americans money but only to move the Overton Window. Then let's lead that discussion to solutions that address the fragility of our economic problems at their root--both in the short-term and long-term.
[0] https://news.ycombinator.com/item?id=22604982