Tuesday, April 21, 2020

Suspend the Rent Cycle

The first step toward remediating a stopped economy should be suspending all debt and rent payments.

Just as wage earners are being forced to make sacrifices while they are out of work, rent collectors should not continue to force payments while the economy is stalled.

In this way, people will not be forced from their domiciles, small businesses will not lose their leases, and investors will be able to defer loan payments on capital equipment.

Problems of subsistence can then be addressed with stimulus payments.