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And what about the medium to long term ramifications of such behaviour?
That’s the point. Stopping businesses from going broke, continuing to trade, employing people, keeping skills in businesses so they can gear up when the economy recovers. And it will recover quickly when the virus runs its course.
Stop the economy from spiralling down with rising unemployment, lowered tax collection base, greater welfare dependence. Not to mention all the social problems rising unemployment and bankruptcies cause to not only the economy but society as a whole.
This is exactly the time that central banks step in and do these things. Times of crisis such as 1987, 2008 and now. This is what central banks are supposed to do.






