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> If the government pays people to stay home, do you have a free market? 83% of the value of all the 2020-21 Paycheck Protection Program loans were forgiven as
by JamesLeonis 5y ago
> If the government pays people to stay home, do you have a free market?
83% of the value of all the 2020-21 Paycheck Protection Program loans were forgiven as of December 19th, 2021 [1]. That's a total value of $653,038,613,899. That's nearly as large as the 2008 bailouts. Even that doesn't tell the whole story because 94% of the 2020 loans alone were forgiven, and 2021 is on track to meet it.
[1]: https://www.sba.gov/sites/default/files/2021-12/2021.12.19_Weekly%20Forgiveness%20Report_Public-508.pdf https://www.sba.gov/sites/default/files/2021-12/2021.12.19_W...