Every time I see suggestions from friends — even bright people who I like — proposing simplistic and ridiculous “solutions” to the current economic crisis, I’m appalled at the level of economic ignorance out there.
We can fix the economy, they say. Just don’t make anybody pay rent for awhile. Banks can let people not pay their loans back for awhile, either. Just put everything on hold. And utilities can keep providing power and Internet service and water and everything else — for free.
See? Just wave a magic wand and decree this. It’s free.
From what I read from such people, it’s clear that they have no understanding of why their proposed magic isn’t possible. And I’ve seen another correlation. People who have to earn enough money to keep their small businesses open are panicking right now, because they know there is no magical Santa Claus who’s going to save them.
But people who’ve never run a business and don’t understand anything beyond getting a paycheck for a job seem to think someone can just wave a magic wand and the economic world can just be on hold for a few months — while they continue to consume resources without paying for them.

Existential crisis makes me ask: Can I ever trust you to love me?
Left-wing distortions of church just as toxic as right-wing kinds
Economic Man needs no heart, because love and God are dead
Who were you before someone told you who you were supposed to be?
With millions jobless, U.S. companies struggle to find skilled workers
GAME: Can you find names of the last 20 commenters on this site?
Goodbye, Emily (2009-2015)
When voters insist on lies, politicians follow their incentives and lie
Overconfidence in financial models will lead to ruin in coming collapse