nsacpi
Expects Yuge Games
This is an effective way to phrase a solution. I think more needs to be done to reimburse people for forcing them to stay home. And this should include all Americans from Jeff Bezos to Tincan Tony who sleeps on a park bench.
But the trade-off, is we need a way to measure this output otherwise you will explode your deficit without slowing the virus. Unfortunately, you get into a real dicey zone with freedom infringement once you start discussing location monitoring.
I don't mind including social distancing in GDP. But whether it is counted in GDP or not won't change anything. The key is compensating people for it.
Imagine if during WWII all the workers were commandeered from their regular jobs and told to work in factories producing tanks and other war material. And those people were NOT paid. It would have been enormously damaging to the economy to not pay them.
I might add that this is a time when social cohesion is very important. If it starts breaking down as the period of lockdown gets longer all bets are off. We have to find a way to limit the hardship being suffered by ordinary Americans who are being asked to stay home. We can all help in some way.
One of the things I'm finding out is a lot of people don't have information that would help them. They don't know, for example, about the way unemployment benefits have been expanded. Some people don't even know how to apply. And this lack of basic information is increasing stress levels. Just sharing that information or helping them apply for benefits they are already eligible for can make a big difference.
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