I have argued that the response should have been a QE for people — which would include owners of small businesses — that would not have involved increases in debt, public or private.

As for a “new economic philosophy:” “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 the proposal) admit to being frustrated, having been touting this solution for some time.