“This is bull****! People are losing their livelihood, their future, their soul. Millions upon millions of jobs, businesses, all gone. Years of recovery ahead of the world! The madness has to stop.”
Maybe, but this downturn was going to be the biggest economic contraction for decades without Corona. You cannot pump trillions of worthless fiat into a global economy and expect it never to go bang.
For sure the virus has made it worse and the has made the collapse much faster but make no mistake central bankers all over the western world are keen to ensure as much blame as possible is misdirected to corona lest the real blame fall at their feet due to decades of mismanagement.
The CARES stimulus here in the US is yet another bail out for investor class malfeasance.