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Culture & Society

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...
Covid-19

Bethany McLean’s Weekend Reading List: Warnings Unheeded, Stock Selling, and the Chinese Cover-Up

Bethany McLean
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.      I had an utterly irrational sliver of...
Covid-19

How Covid-19 Infected Global Financial Markets: a Webinar

ProMarket writers
Princeton Professor Markus Brunnermeier and Torsten Slok, Chief Economist for Deutsche Bank Securities, discuss what happened during Wall Street's worst week since the 2008...
Covid-19

Virus-Enhanced Market Power: American Small Businesses Are Kept Hostages by Amazon

Shaoul Sussman
Amazon announced restrictions on the type of merchandise it will allow sellers and vendors to send into its warehouses because Amazon’s fulfillment services (FBA) has reached...
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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.