this is wow need to think about thishttps://twitter.com/maxberger/status/1240458828107386881 …
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This seems likely to prevent a lot of the risks I've been worried about for this economic crisis. So, what are the potential risks it introduces?
Seems like a major one is inflation (mostly this would be bad for creditors with existing nominally-denominated debts, which . . . probably fine), although this seems a lesser evil than the alternative deflation
Second one is more serious
How long does this support--this enormous Intervention--last?
How does it get rolled back? At all, and also in such a way that it doesn't provoke a new crisis?
I am extremely uneasy about this component. 

Third is holy shit this is uncharted territory and no one knows what will happen and THAT also makes me nervous
I am an economist and interestingly the cash payments is a standard problem in the Romer textbook. It's presented there as a flat tax rebate, but the principle is the same. The critical issue is whether it is known when the payments will end in the future. Uncertainty is bad here
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