Thread: News ***NON-POLITICAL COVID-19 Discussion Thread***
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Old 03-17-2020, 02:22 PM   #5586
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Quote:
Originally Posted by Hammock Parties View Post
Oh wow. We're socialists now.
Yeah, to my eyes that's just backwards. It's populist (to be generous) and does little to truly calm things.

That approach will GET people laid off. You want to prevent layoffs, back loans. And if companies get them but then don't need them, they'll pay 'em back. If they need 'em but the economy comes out as hot as many expect when this passes, they'll recover significant chunks of those losses as things improve and can pay them back over a reasonably short period of time.

But you have to give businesses the confidence that there will be banks willing to stand behind them. And to do that you have to signal the banks that the government will stand behind them.
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