Many times when I suggest that authorities will respond to this coronavirus situation with the MOAS (Mother Of All Stimulus), I get lectured how there is no way countries can stimulate because of; a) lack of fiscal room b) inability of different nations to agree on spending c) foreign exchange limitations d) insert hard-money gold-standard based economic reason in here Seriously, the pushback on the idea that governments will do whatever it takes in the face of this crisis is shocking. I have no desire to engage in a debate of whether this stimulus will work in the long-run. Maybe it doesn't. Does anyone really know? ... (full story)