patrick.net

Cutting rates or taxes won't make people go to the restaurant, go see a movie, go for a massage, or take a plane... if they are afraid to catch a virus.

You could do a bit of infrastructure works, but are cooks gonna do it?

The part of the economy that is hit is precisely the part that would normally be hit last in a recession.

And you can't really fight a virus without hurting that service economy.

But keep in mind: if you fail to stimulate the economy, the bubble everything economy could pop, and the world plunge into a deflationary spiral that would be devastating.

So what do you do? Send people money?

https://www.bloomberg.com/opinion/articles/2020-03-10/a-coronavirus-recession-will-be-tricky-to-fight
https://www.bloomberg.com/opinion/articles/2020-03-10/u-s-treasuries-are-not-supposed-to-trade-like-this
https://www.bloomberg.com/news/videos/2020-03-11/trump-is-a-no-show-after-promise-of-economic-plan-details-video