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I don't think it's particularly healthy that we expect the meager cashflows of small businesses to compete with the money printer at the federal reserve.
by missedthecue 6y ago
I don't think it's particularly healthy that we expect the meager cashflows of small businesses to compete with the money printer at the federal reserve.
- mindslight 6y agoSure but this has been the monetary policy for the past two decades - eg all of that surveillance valley "disruption". National brands get limitless ZIRP investment money, while local owner-equity businesses get run out of business. The new change is that some of the money printing is being used to help individuals, rather than traditionally undermining them.
- sixothree 6y agoSmall businesses can't afford to pay $1200 per month?
- missedthecue 6y agoIt's much more than $1200. It's $300 state and $300 federal, weekly, so $2400 a month. But business can't offer $2500 and rake in the applications. When you're getting $2400 a month for sitting around watching movies all day, it is going to take a lot to move the needle and make you want to go back to work.
- sixothree 6y agoNot all states are offering this. Are you sure Montana does?