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> Let them go bankrupt or have the banks suspend mortgages. Is this a serious comment or are you trolling? Forget about a recession, the devastation a policy
by bequanna 7y ago
> Let them go bankrupt or have the banks suspend mortgages.
Is this a serious comment or are you trolling?
Forget about a recession, the devastation a policy like this would cause would plunge the US into a full blown depression. Deflation and asset price collapse across the board. YEARS of stagnation.
(To me) the answer here seems clear: A direct bailout in the form of $ to consumers and some mix of direct $ and tax credits to businesses.