Can you put a business on ice and thaw it out a few months later? That is the bet the government is making as it shuts down the economy to battle the coronavirus.
We are dismantling the consumer economy and, using fiscal measures, attempting to snap freeze it so it can be thawed when the virus is gone. The government wants businesses to keep their staff on, keep their leases active and avoid being put into administration until we’ve beaten this insidious little virus back enough to do business again.
The state and federal governments appear to be dancing with each other. The states are shutting everything down, while the federal government is doing everything in its power to help keep businesses alive during the shutdown.