Re:Rate Hikes Are Affecting the Economy
by triceratops on Wednesday November 02, 2022 @10:59AM
(#33436888)
Weren't PPP loans meant, in part, to prevent businesses from going bankrupt?
Why lower interest rates instead of doing direct cash transfers through unemployment insurance and other assistance? If a business is making $0 due to the pandemic, why would a bank be more likely to lend to them at a 1% interest rate rather than a 4% interest rate?
Why lower interest rates instead of doing direct cash transfers through unemployment insurance and other assistance? If a business is making $0 due to the pandemic, why would a bank be more likely to lend to them at a 1% interest rate rather than a 4% interest rate?