Wouldn't it make sense to just suspend all billing, all rent payments, all interest payments, and all loan payments, and also just shut down the stock market for the duration of this crisis?
Honestly, the stock market is serving no social or economic function right now, and needs to be turned off. It's not "efficiently allocating capital to those who need it" or anything. It's purely a fear gauge at this point.
It's simply evaporating wealth and threatening to send us into a depression. Turn it off for a few months.
As for suspending all payments, this will obviously mean that some people reliant on these payments, such as family bankers and landlords, won't have money for food.
Give all individuals a basic income of say, $1000, for the duration.
Give all individuals a basic income of say, $1000, for the duration.
But providing a basic income without any sort of billing/rent/loan freeze, as some conservative politicians are advocating, is simply a massive handout to large corporations, who get to keep collecting bills while millions of small businesses are murdered in their sleep.
