Direct payments are better for this very reason. They also become bonuses for those working. Banks and broken state systems have really caused problems getting stimulus out as expected.
Lots of people calling for temp UBI like Cuban [1]. It was obvious from the beginning we needed this.
With everything we learned from the Great Recession 'bailouts/stimulus' we should have expected this and just not gone the bank route or unemployment alone. Direct payments takes pressure off everything, unemployment, state budgets, individuals, mortgage/rent, small business, demand from purchasing power etc.
I didn't say buggy, I said broken, sometimes on purpose.
In "Study finds 44% of U.S. unemployment applicants have been denied or are still waiting" it shows the systems don't work [1]. This is one article, study or example in many, many reports on this.
Direct payments, at least during the crisis and maybe auto UBI during recessions, would make it to everyone, not prevent people from weighing going back to work, not overload state budgets, reduce unemployment, and more. Some systems like Floridas were meant to not really work at all to minimize usage.
Basically anyone in a state with a bad unemployment state system suffered. Direct payments gets around all that by using identity and tax system information.
Direct payments to everyone also get past the whole idea of selective stimulus. Money to everyone gets to where it needs to be that no central planning could ever predict from food, gas, housing, insurance, health, etc [2].
Direct payments during recessions would make the floor higher and bring back purchasing power demand sooner, or keep it with some semblance of consistency in times like this.
Lots of people calling for temp UBI like Cuban [1]. It was obvious from the beginning we needed this.
With everything we learned from the Great Recession 'bailouts/stimulus' we should have expected this and just not gone the bank route or unemployment alone. Direct payments takes pressure off everything, unemployment, state budgets, individuals, mortgage/rent, small business, demand from purchasing power etc.
[1] https://www.marketwatch.com/story/mark-cuban-says-families-s...