Molson Hart

Why does it seem obvious? This would be extraordinary. Extraordinary claims require extraordinary evidence. Also: https://en.wikipedia.org/wiki/Jubilee_(biblical) …

The problem makes the GFC seem insignificant by comparison. Here assuming restaurants have to stay closed for 6-12 months, then what? They're all going to close up shop, all the landlords won't make mortgage payments, and all the bank loans are going bad? No way.

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.

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.

So let them? I mean...if the cure is handing them massive amounts of cash. For society the cure is worse than the disease.

I've been stewing on this all day. I'm pretty sure that's not the optimal answer. Bad players losing during a recession is great, makes the world more efficient. Good players losing from an act of God ... think that makes the world a worse place.