Frank's Musings

The federal government should guarantee bank loans that finance the rents landlords hsve missed collecting during he COVID’19 pandemic.  A minor addition to the rental rates payable by delinquent tenants could be enough to cover the interest and ease repayments on the loans.  Bank loans for rent due from employed tenants would be contingent on proof of adequate income.  A gradual assistance program will be needed o help those tenants who are unable to restore their incomes to pre-pandemic levels.  

Based on the Federal Reserve’s and the IMF’s expectations of a rapid economic recovery, central governments worldwide can reasonably undertake to smoothen the path for their publics’ readjustment to normalcy.  Certainly, there will be a cost to society for this unanticipated medical emergency.  However, we do have the tools to absorb it.  It may turn out to be only a warm=up for similar pandemics in the future; moreover, it will just as surely teach us valuable lessons for dealing with other inevitable crises, including climate change.