This podcast moderated by David Wessel of Brookings is very informative. It’s an assessment of the success and failure of several programs of aid to businesses the US government put forth when COVID-19 started to dampen US business activity.
The level of financial support offered to businesses during the pandemic was unprecedented, and clearly kept the decline in consumption less serious than it was feared.
There has been a lot of criticism of these programs, some positive and some negative. It’s important to understand how the programs did work and how they did not. In the future we may be faced with other economic crises and we should know which features worked as intended and which did not, and why not.
It’s a good listen, and there is also a link to a transcript.
How effective was aid to business during COVID-19?How effective was aid to business during COVID-19?