Why does it seem obvious? This would be extraordinary. Extraordinary claims require extraordinary evidence. Also: https://en.wikipedia.org/wiki/Jubilee_(biblical) …
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And this doesn't stop at restaurants, or the workers who have home mortgages that would fail, etc. Most banks would just fail? Seems obvious you just put this on hold, since this is a public health problem. Maybe I'm wrong I guess.
I think certain types of restos will fail. Others can switch to delivery and implement social distancing. The bad ones will fail ofc. I don’t see a way to save them. Give them 50% of their last years tax return? I’m not sure the rest of society can accept that.
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I don't see how this is a question of good or bad. If a sit down restaurant like Olive Garden, Cheesecake Factory, quality steak house, jewish deli can't seat customers for public safety reasons... but they have huge lease liabilities ... they just go bankrupt.
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So let them? I mean...if the cure is handing them massive amounts of cash. For society the cure is worse than the disease.
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I don’t think we’ll see 6-12 month closures. We’ll see what’s going on in China punctuated by the occasional 2 week quarantine.
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If it's only a month that's obviously a lot different. I just don't see how.
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