This crisis calls for massive government intervention: here's how to do it | Emmanuel Saez and Gabriel Zucman

The state should step in as payer of last resort for businesses facing shutdown as coronavirus hits them hardSee all our coronavirus coverageCoronavirus threatens the world’s economic life, and current proposals from governments around the globe are failing to match the scale of the crisis. Today, the chancellor, Rishi Sunak, announced £330bn of loans and that some companies would not have to pay business rates for the next 12 months. While loans help businesses in the short term, th