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Direct financial assistance is an effective means against short-term crises. But we also have to talk about reducing regulations, for example when the store closes.
Some things in the wake of the Corona recession look a bit like the beginning of panic. The union, for example, recently called for “everyone in Austria” to receive a 1000 euro voucher for businesses in tourism, gastronomy and perhaps also retail to go a bit. With applause from the hoteliers association and the Chamber of Commerce. The social alliance still works perfectly when it comes to spending other people’s money.
The whole thing would cost between four and eight billion euros, depending on whether you refer to “everyone in Austria” as households or individuals. But it doesn’t matter, because money as a limited good, as we know it so far, has already been abolished by the ECB anyway.
The question, however, is: would it have the desired effect?
