Scott Santens

The only way to break that is to make sure that people get money to spend.

And so right now, as the economy is still closed, you can still help businesses stay alive and even do better and even need to hire more people in certain cases if you actually have enough customers.

So I think like...

you're seeing a lot of people do a takeout more than people did before.

A lot of people would usually just go out to restaurants.

And now the only way to support that restaurant is to get some kind of takeout and delivery to your place.

And so if you are affected in a way that you lost your job, you're just focused on paying your rent and these things, you're not going to go to that restaurant.

You can't afford it.

So if you do have that money, if we make sure that everyone gets $2,000 a month for the rest of this crisis, then first of all, you prevent a lot of those businesses from failing that would otherwise have failed.

You grow and stimulate these businesses and allow others to open up that otherwise couldn't function without this money, without those customers.

And then when we're actually fully reopened, then, of course, you're also able to combat against the behavioral changes that we're going to be seeing where businesses, even if they're open, people aren't going there, not only because of money, but because of other reasons.

So if you're able to create enough customers through more demand, then you can help compensate against that decrease, that kind of psychological demand, because people don't want to be there and allow other people who do want to be there

to be able to do that through their spending?

Yeah, I mean, obviously there's already a big problem.

And I actually, I feel like ashamed to even be in a country where we have decided to do the exact same thing that we did during the last downturn.

We already know that buying up all these assets was something that vastly increased inequality and vastly disproportionately positively impacted asset holders.

And we could have just bailed out the people, made sure that people could afford to pay their mortgages, and then that would have actually prevented these mortgage bundles, these securities to not fail.

And instead, we just went right to giving money to the banks.

And we're doing the same thing again.

And so, yeah, that is a problem.