I haven't got round to looking at the previous replies yet and I'm off to work shortly. I'm a bus driver and we have to stay busy albeit next week we are on a slightly reduced Saturday service.
Anyway I digress. This action of the government paying everybody's wages is quite extraordinary. A banker said to me that it was to save jobs and prevent the govt from having to pay billions and zillions of unemployment benefits. But are we not all effectively receiving unemployment benefits anyway? I can't get my head round this. Does this not substantially increase the govt debt? Is it money printing and and is it possibly a precursor of hyper-inflation?