Yeah, and it’s all a matter of time. Shut down completely for 1-2 months? It would create the biggest damage 2 to none that we ever have seen, but is it worth it to save lives? Of course.
But what if you have to shut down for 6 months? To some extent it’s a figure problem, the state can just “print” money (printing money is the same as loaning it), and if everyone does it, you could have a corona write off that the world probably would buy. They are scared to death of just taking a zero from all countries debts, because they fear people would loose respect for the fiscal system and start spending too much thinking that there always is a bailout around the corner. But this is a one time thing.
But besides what really is a numbers game (funding the economy of all economies, which can be done by just printing money and then reducing debt so that we don’t pass it on to the next generation) — 6 months would start to produce some really really ugly shortages and similar effects. It’s also practically impossible to just sponsor the business that needs it and not end up with significant sums going into the pocket of people that don’t need it. Like let’s say that the state picks up the bill — how? How do you accomplish that? Would 500k people be enough to fill out forms, review them and make the payments?
And things are shutting down. Metals, food, chemicals, personnel, education, it’s just an extremely impactful situation that — nobody — even remotely has a clue how it should be handled, what can happen and so forth,
Like history shows us with outmost clarity that humans can go wrong and bad things can happen. You don’t want to venture into completely unknown territory with a world in chaos, unless ... what exactly? A lot of things to think about...