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Sure, there are other solutions, and you've given examples of decent ones (rent holidays, mortgage jubilees, etc), and in a better world, we would have undertak
by vkou 4y ago
Sure, there are other solutions, and you've given examples of decent ones (rent holidays, mortgage jubilees, etc), and in a better world, we would have undertaken them.
We don't live in a better world, finance has a stranglehold on our politics, and PPP was a better alternative than no-PPP. There's much to criticise it, and I don't think it was the best among all possible options, but I do think it was vastly better than nothing (Or just paying people through UI, while their employers fold).