Governments Need to Be Ultimate Virus Backstop, Economist Moec Says

The video discusses the economic challenges faced by businesses and the role of governments and central banks in providing stability. It highlights the need for a backstop, such as government intervention, to protect the private sector during crises. The importance of monetary policy, including quantitative easing (QE), is emphasized as a means to support the economy and prevent layoffs by monetizing debt.

What is one of the main challenges businesses face during economic crises?

• Lack of innovation

• Insufficient cash reserves

• Excessive competition

• High employee turnover

According to the video, who should act as a backstop during economic crises?

• Private investors

• International corporations

• The government

• Non-profit organizations

Which countries are mentioned as examples of providing support during crises?

• Italy and Spain

• France and Germany

• Japan and South Korea

• Canada and Mexico

What is the role of monetary policy during economic downturns?

• To reduce government spending

• To promote exports

• To stabilize the economy

• To increase taxes

Why is quantitative easing (QE) considered necessary according to the video?

• To reduce government intervention

• To decrease inflation

• To monetize debt and protect the private sector

• To increase interest rates