This post is going to be less about markets and the sort, so if you are less interested in these, you can skip it.
The Little Shops Are Going to SufferThe unique thing about this problem is that commerce came to a screeching halt.
In other crises, the problem was a lack of liquidity. Banks could not lend and small and large firms have to tighten their belt. Those who cannot will default and this ends up as non-performing loans on the balance sheet of banks. There are more unemployed. Providing liquidity to the banks lubricates commerce.
The shit thing about what we are facing now is that you can provide all the liquidity to you to facilitate spending, but if you cannot go out and carry out some services, it is very tough to lubricate.
The world comes to a standstill for a while because the
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