View: COVID-19 crisis presents a 100-year chance to shake up debt and taxes

Corporate rescue this time may also involve a rewriting of accounting rules to encourage deleveraging, so that bailouts are needed less often and are less costly. Industrial losses may need to be socialized en masse to get displaced workers back on the job and prevent the global economy from spiraling into depression.

from Economy-News-Economic Times https://ift.tt/34tmz76
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