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The debt payments go to someone. Suspending those still creates a cashflow hole. I haven’t fully thought through the effects of handing out cash, just wanted t
by graeme 7y ago
The debt payments go to someone. Suspending those still creates a cashflow hole.
I haven’t fully thought through the effects of handing out cash, just wanted to point out that suspending debts isn’t costless. Landlords would reduce spending, and banks might slip into crisis.
And what of those with no debt, but who can’t work due to virus? Or those with debt, but who can’t work? They still need to eat.