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Culture & Society

Covid-19

Chile Reaches Its Greenspan Moment

Daniel Matamala
"I am in a state of shocked disbelief," former Federal Reserve chair Alan Greenspan said during the 2008 crisis, before confessing: "I found a...
Covid-19

Has Coronavirus Brought Back the Nation-State in Europe? No, Just the Need for Public Authority

Jan Zielonka
The vindication of the public sphere does not herald the return of nation-states to their past glory. This is bad news not only for...
Covid-19

From Most No-Brainer to Most Complicated: A List of Policy Proposals to Mitigate the Virus’ Impact

Tyler Cowen
Policymakers need to figure out which sectors we wish to keep up and running (food, health care), which sectors we want to contract rapidly...
Covid-19

This Is Not a Financial Crisis, So Why Should We Bailout Wall Street (Again)?

Matt Stoller
Republican and Democratic Senators reached a deal on a $2 trillion bill to help businesses and people hit by the coronavirus outbreak. But the...
Antitrust and Competition

America’s Broken Health Care System Is the Biggest Obstacle to Containing the Coronavirus

Asher Schechter
Over the past few weeks, it has become abundantly clear that the US health care system is uniquely ill-equipped to deal with a crisis...
Covid-19

Please, Don’t Use Taxpayer Money to Bail Out Investors Like Me

Jonathan B. Berk
When we invested in stocks and bonds, we knew we might have to face a storm or two. The high returns we received on...
Covid-19

Economics, Law and Finance Professors from Major Universities Write to Congress : “Bail Out People Before Large Corporations”

ProMarket writers
"Bailouts allow investors to keep all the profits in good times without bearing the losses in bad times. Instead, bailouts impose losses on taxpayers, including those...
Antitrust and Competition

The Covid-19 Bailout That Big Business Is Lobbying for Could Make America Unrecognizable

Matt Stoller
Supporting industries is necessary to mitigate the economic impact of the pandemic. But using the coronavirus as an excuse, Boeing and other companies are...
Covid-19

Stick, Carrot, and Evergreen Loans: A Policy Proposal to Save Small and Medium-Sized Firms

Arvind Krishnamurthy
Restaurant owners, retailers, and the like employ more than 50 percent of the US workforce, yet neither have cash buffers nor access to Federal Reserve support. In...
Commentary

How to Interpret Financial Market Movements to Predict the Impact of Coronavirus on GDP

Ralph S.J. Koijen 
Equity markets in the EU and US dropped by as much as 30 percent, which means that investors have revised downward their estimate of...
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ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.