The Price of COVID Relief

A man wearing a protective face mask walks past an illustration of a virus, in Oldham, England, August 3, 2020. (Phil Noble/Reuters)
There are better ways to address the pandemic's extraordinary challenges than firing money at the general public from a confetti cannon.

NRPLUS MEMBER ARTICLE W hy $2,000 relief checks? Why not $20,000 relief checks? Why not $200,000? Why not $2 million?

“Oh, don’t be ridiculous,” comes the response. “Nobody is talking about that.”

Okay, but why not?

The coronavirus epidemic is an extraordinary situation in which extraordinary measures are appropriate. And the U.S. government has taken extraordinary measures, notably in the form of the $2.2 trillion CARES Act, an emergency-relief/economic-stimulus package that included some shotgun blasts ($300 billion in one-time cash payments handed out to households with scant regard for need), a useful and proper extension of unemployment benefits, loans made to support business payrolls through the Paycheck