I don’t know quite how to phrase it but the #1 thing would be to instill confidence through words/narrative. In other words, the opposite of what these executive branch idiots are doing now.
Working on a big analysis of the economic ramifications of #COVID19
What are the tools in the gov't's toolbox when it comes to address potential financial contagion?
- Loan guarantees
- Public ownership
- Quantitative easing
- Helicopter money aka @andrewyang "freedom dividend"
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Whether it's confidence, loans, loan guarantees, public ownership, quantitative easing, or just giving everyone thousands of dollars... none of these will be able to cure the demand shock from prolong covid19 social distancing.
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Freedom dividend is NOT helicopter money. HM requires a permanent change in the money supply.
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