Big Ideas to Save the Economy, From Bailouts to Super Chapter 11
In economics, there is no Hippocratic oath: First, do no harm. If there were, world leaders would be in serious violation of it. With the noble purpose of saving lives, they are deliberately throttling the global economy. The plan is to put economic activity in a state of suspended animation for weeks or months, get past the worst of the Covid-19 pandemic, and then resuscitate the patient. Necessary? Probably. Dangerous? Undoubtedly.