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THE BROAD VIEW

What to do when world is in a coronacoma

While countries remain shut down, what's needed is disaster relief for hardest hit, not economic stimulus.

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Non-essential businesses have been closed to slow the spread of the virus, and those deprived of their normal incomes need money to help them get through this period.

THE economic contraction we're experiencing is the fastest on record, by a large margin; we've probably lost as many jobs over the past two weeks as we did in the whole of the Great Recession. The policy response is also gigantic, several times as large a share of gross domestic product as the...

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