Neel Kashkari on Covid-19 bailouts and moral hazard

If there is a principle policy makers need to keep in mind going forward, it’s this: Err on the side of helping as many workers and businesses as possible rather than on prudence. This is not the time to worry about moral hazard or whether people are incentivized not to work.

~ Neel Kashkari, "What the 2008 rescue package can teach us about today's relief bill," Washington Post, March 27, 2020