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CARES Act, II

1/24/2021

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I commend Professor Berk and the dozens of other academicians who stood up to corporate welfare on behalf of working people. Said Anat R. Admati: "This bill is sad commentary on the financialization of our economy." Wow. What a way to put it. At the time, I contacted some dozen small businesses about a major news outlet offering free listings to those selling gift cards. I'll take the word of Jonathan Parker (MIT): Major corporations have the resource of bankruptcy to stay afloat.​
​A comment on "Economists to Congress: Don't Bail out Big Business" (E.L. Andrews).

​
Note: I was catching up on back articles from 2020 when commenting on this one.
Metal letters above an exterior door that spell out
"Department of Treasury" by woodleywonderworks. Licensed under CC BY 2.0.

Related: CARES Act (2020)
Related: Unemployment Rate (2020)
Related: Share Economy (2019)
Related: Karoshi (2019)

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