Economic Solutions to COVID-19 Beginning to Emerge
It appears Washington is coalescing around a set of policies to help families and businesses while the economy is effectively shut down. California’s “stay home” order is illustrative of the challenge – how do businesses survive when the government is telling everybody to stay home?
Just a week after states and localities began aggressively telling people to stay home, most businesses are confronting an indefinite period of sharply reduced demand or, in some cases, no demand at all. For those businesses, the key question is how much cash do they have and how long can they keep their workers on payroll …
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