[malloryerik]

Some like Germany safeguarded salaries instead by ensuring that workers remained employed. That's to say that they recompensed firms for salaries on condition workers remained employed during the lockdowns.

The US should have more leeway because it has the world's reserve currency.

I haven't worked it out but I'd like to hear why the Fed or Treasury (let's just say federal govt) couldn't simply replace lost real estate loan payments by adding to banks' balance sheets.

[ponsin]

how is Germany's solution any different than giving unemployment benefits for furloughed employees? Regarding the Fed, they _could_ just print gobs of money, and probably nothing bad will happen in the near future. But if you want examples of why printing gobs of money is bad, just looks at the many other countries that tried that. Also, I would think that if the fed decides to print gobs of money, it would be bad for them to allocate all of it to repaying bank mortgages. I would much prefer the money gets distributed to the people (eg. $1,200 per person) or as loans to keep small businesses afloat until after the pandemic