[thephyber]

> there are very few economists who believe that a company should have 6 months of expenses in the bank for emergencies

Economics is largely a study of game theory. When The Federal Reserve and Congress throw money at all companies, no matter the risk, doesn't this erode the future incentive for companies to be self-reliant and increase the expectation of similar monetary policy in the future?

Also, I read your comment's parent as if it was on The Colbert Report, dripping with sarcasm.

[harryh]

It's not at all clear that we would want most companies to be self-reliant enough to weather a coronavirus level storm. That self reliance would come with a very high cost that probably isn't worth it.