As might have been expected the editors of the Wall Street Journal approve of some measures that have been proposed for dealing with the COVID-19 outbreak and some they do not. They approve of
- Target the real hardship. The analogies here are unemployment insurance or disaster relief./li>
- Make the relief immediate.
while the measures of which they disapprove are:
- A big new infrastructure spending bill. Their point is what good does a highway built in 2022 do for the economy in 2020?
- Don’t subsidize bureaucracies.
- Refrain from imposing new mandates on businesses.
- Be cautious about creating new entitlements in the guise of providing emergency assistance.
The one thing we should expect from the Congress is that they will not let a good crisis go to waste.
