Large parts of the economy are going to have to be off-and-on sub-par until a vaccine is found or the virus burns out -- shut down for months, re-activated, and then shutting down again. The best solution for the wealthy countries is probably an emergency UBI, funded by debt.
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He doesn’t even mean the debt, he means the disbursements.
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For banks maybe, have you seen credit card APR (~20) or mortgages (~4), those add up quick. Also those rents are often going toward mortgage payments
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The man said "an emergency UBI". There is no version of a Universal Basic Income which is paid with credit cards. It is, by definition, a government program.
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You wouldn’t have to, actually, for the same reason we don’t ever actually pay for wars or the huge subsidies to the industries that are killing us
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I don't understand a rent 'pause'. Someone owns the building and has to pay the taxes and insurance and all the other costs of ownership. If that person doesn't cover those expenses, you didn't eliminate the lack of resources, you just moved it a bit up the food chain.
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