" The old risk associated to printing money vs higher inflation is also obsolete"
Utter nonsense, care to guess where all those computer generated billions released into the economy though the magic of QE went too? Asset bubbles baby!!! And although governments try to hide inflation by nit picking numbers everyone who buys stuff with their own money is well aware you are now getting less stuff for more $, this is called Shrinkfaltion. There's no free lunch, even in a digital world.
Although a vaccine could be here in record time that is still 6 - 12 months away which means it will be late to the party, any treatment will only help decrease the number of deaths but not the spread and hospital beds needed.
Most think COVID 19 is the problem, however it was just pin that burst the bubble, it has exposed the disgusting mess that central banks have created though artificially low interest rates and QE. If the economy was a Diabetic overweight person with high blood pressure who had lost a ton of weight due to a virus, QE is like the doctors prescribing him/her an unhealthy diet in an attempt to get him back to his old weight. We are in this generations defining moment.