CARES
A New Capitalisn’t Episode: The Risk Of Reopening – a Reading List
Despite warnings from government and health officials, some states are choosing to begin reopening their economies this week by ending lockdown restrictions. In this...
How to Save 40 percent of the Payroll Protection Program’s Costs
Thanks to the loan program part of the CARES Act, small businesses can receive up to 2.5 times their monthly payroll, regardless of how much...
The Hidden Risks of Stimulus Packages: Federal Debt Is Not a Problem – Until It Is
Most economists agree that some stimulus bill to mitigate the effect of the pandemic was a necessary evil (although they argue about how good the...
Back to Work? The Political Preparation for “Phase 2” of the Pandemic Is a Matter of Trust
According to a special wave of the Booth/Kellogg Financial Trust Index, Americans have bought into social distancing rules. However, most of the respondents are...
A New Capitalisn’t Episode: Where Does the Money Come From? With Special Guest Eugene Fama
As Kate Waldock and Luigi Zingales predicted in a previous episode, the government is running out of money and will ask Congress for additional...
The Cantillon Effect: Why Wall Street Gets a Bailout and You Don’t
According to the 18th-century French banker and philosopher Richard Cantillon, who benefits when the state prints money is based on its institutional setup. In...
A New Capitalisn’t Episode: Winners and Losers in the Stimulus Bill – a Reading List
In order to combat the coronavirus, Congress has passed a $2 trillion stimulus bill that targets individuals, small businesses, and large corporations. From an...
