Note: Above is not a value judgement. The measure is necessary to prevent the system from completely breaking down.
There’s an enormous amount of money already sloshing around in the systems, and it seems to be pooling at the top (hence all the inequality).
On one level, somebody could argue that all the typically ‘renter’ activities (rents, licenses, et cetera) should be suspended during the period of crisis to prevent those who “profit from standing still” to absorb more liquidity and boost their wealth whilst the scurrying masses are bled white, but I don’t think that’s practical.
Before this, such as in the 2008 crisis, much of the liquidity injection didn’t flow down the bottom part of economic hierarchy. Thus, they haven’t had much increased spending power. So, no inflation of common items. The prices of trophy and other assets preferred by the wealthy did rise up greatly in the past decade.
If the helicopter money plan actually happens in substantial quantity, then inflation of everyday items might occur this time.