New ask Hacker News story: Ask HN: Why can't central banks print money as exception?
Ask HN: Why can't central banks print money as exception?
3 by zxienin | 4 comments on Hacker News.
Serious economic fallout of coronavirus is becoming clear [1]. Rewind back 3-4 weeks, many governments were hesitant to institute lockdowns, out of concern of economic impact. Some still are. Why can't central banks print money as exception? Calm economic concerns down, and let everyone focus decisively on dealing with virus. While I am not an economic and behavioural expert, I am aware of counter arguments to printing money. Yet, these are unprecedented times. The leeway is going to be time limited (say, 6 months). Assumption: any downside of limited printing money is far less damaging than global economic engine going in recession. Not to mention, putting everyone's mind at ease, can shape behaviour that can save lives. Pay small businesses, companies that are hit hard with no WFH options and can't employ. Pay premium to folks on the front lines, critical services. Can ones more educated on economics and behavioral psychology post their answers? [1] https://ift.tt/2TFpsgb
3 by zxienin | 4 comments on Hacker News.
Serious economic fallout of coronavirus is becoming clear [1]. Rewind back 3-4 weeks, many governments were hesitant to institute lockdowns, out of concern of economic impact. Some still are. Why can't central banks print money as exception? Calm economic concerns down, and let everyone focus decisively on dealing with virus. While I am not an economic and behavioural expert, I am aware of counter arguments to printing money. Yet, these are unprecedented times. The leeway is going to be time limited (say, 6 months). Assumption: any downside of limited printing money is far less damaging than global economic engine going in recession. Not to mention, putting everyone's mind at ease, can shape behaviour that can save lives. Pay small businesses, companies that are hit hard with no WFH options and can't employ. Pay premium to folks on the front lines, critical services. Can ones more educated on economics and behavioral psychology post their answers? [1] https://ift.tt/2TFpsgb
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