I agree that, in order to avoid creating additional mountains of debt, central banks must be the of media for the immediate response. I would like to see a ‘QE for people’ that would at least assure people could pay mortgages/rent and service other debts. Government and private aid could help with food and utilities as needed.

A similar idea is at the core of a systemic solution to all the macro-level ills associated with the existing economy: “For Crying Out Loud, ACCEPT That A SOLUTION Actually EXISTS” (a “2 min read” — including options for further reading — here in Medium). I (to be clear, the author of this proposal) admit to being a bit frustrated. I’ve been advocating this solution for some time.