Will it? Or will it just push it out over time? Or something else completely? Can you say with certainty that more people won't die of despair if we give people money? Does it depend on doing something a certain way? Are there some ways of doing things better than others? How much depends on the effectiveness policymakers (politicians) versus implementors (bureaucrats)?
I don't think we can say for certain "doing nothing" is categorically worse than "doing something".