Andrew Sorkin Gets the Bailout Basics Right, but Debt Is Not a Problem

Andrew Sorkin used his column to make the basic point about a bailout, it has to be centered on keeping workers attached to their jobs, by keeping the paychecks flowing. His proposal is a no-interest bridge loan to any business, including the self-employed, to stay in business and continue to pay their workers. The businesses would have five years to pay back the loans.

This is a reasonable plan, although I am somewhat partial to the Danish system where the government picks up 75 percent of...