Wednesday, February 03, 2021

Did the $500 Billion in USA Aid Help Global Small Businesses?

Some economists say the Paycheck Protection Program (PPP) has not proved as useful as other aid.  Academic economists who have studied the program have concluded that it has saved relatively few jobs and that, at a cost of more than half a trillion dollars, it has been far less efficient than other government efforts to help the economy. 

On the other hand, there are global small business owners who if they hadn't received a PPP loan, they would have been out of business.

The debate could sway the new Biden administration’s plans.  The question becomes:  Are we about saving jobs or saving businesses? 

Read on to discover whether the $500 billion in USA aid helped save global small businesses during the onslaught of the global pandemic.

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