What this economy needs right now is for people to be able to buy food and make our rent/mortgage/utilities payments and service our debts. To encourage banks to lend for those purposes is to create a financial black hole for households. The central bank should provide relief by temporarily backstopping debt (and rent) payments people simply cannot make in a QE for people. It would all be to the benefit of lenders and landlords, after all.

Further out, “For Crying Out Loud, ACCEPT That A SOLUTION Actually EXISTS” (a “2 min read” — including options for ‘further reading’ — here in Medium).