Re:Economist Mohamed El-Erian warns about the risk of 'zombi...
by thoughtstheseus on Wednesday June 17, 2020 @09:42AM
(#23551252)
It is more of a mistake now than in the past. In the 1930s, yeah sending checks to everyone as a form of stimulus would have been highly complex and difficult. Banks were the only society wide economic linkages at the time. That is less true today. Today you can sends cash to a large portion of people with existing infrastructure and clearly you could get near 100% with a dedicated platform/process to do so.
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