Summary
Small business is really hurting in the current environment.
Universal basic income has gained a bit of political traction.The markets had a nice rebound today. Small business is really hurting according to a new study: Across the sample as a whole, 43 percent of businesses have temporarily closed and nearly all of these closures are due to COVID. This response seems far more extreme than the economic effects of the 1918 inluenza epidemic found by Barro, Ursua and Weng (2020) and Garrett (2007, 2008). Respondents that have closed temporarily largely point to reductions in demand and employee health concerns. Disruptions […]
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