On the 27th March I suggested that a solution to the economic impact of C-19 (to be with the programme, you have to use the name C-19 to have any credibility now - Covid-19 is so Q1) could be the printing of money by central banks. A possibly naive suggestion, but one that made eminent sense to me.
It transpires that this is exactly what some central bankers are now contemplating. It's called 'helicopter money'.
The theory is that simply printing money is inflationary but, we're currently in a deflationary spiral, so there's no danger in a bit of inflation.
The rest of the argument goes like this - give people money during a crisis and, because they fear it's going to be clawed back in taxes later, they tend to hang on to it, thereby defeating the object of getting it circulating in the economy. Ensure the message is on-target and people are aware that the helicopter money is free and gratis, then they will spend it.
Perhaps I'm not so naive after all...
The football clubs are meeting tomorrow to discuss the future of football for the rest of this season, or non-season, as it's turning out to be. How about playing games in PPE? Should be interesting - the PPE League, perhaps? The licencing for club-branded PPE would be a money spinner.
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