At this point, we might as well continue to let the government bear the entire loss of income

In all OECD countries, the loss of income caused by the GDP decline in 2020 has been fully, or almost fully, offset by an increase in the fiscal deficit, protecting households and companies from the loss of income. The example of the period following the subprime crisis in the euro zone shows that it is dangerous to switch to a restrictive demand-side policy (at that time, the rapid reduction in fiscal deficits) after a recession. In addition, central banks seem ready to maintain their expansionary monetary policy for a fairly long period of time. There is therefore no reason to change policy and make economic agents other than the government bear the loss of income, for example by reducing wages or aid to companies, or by raising taxes.