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Bailout

Bailout

What Comes Next for Economic Policies to Combat Covid-19? A Conversation Between Six Booth Faculty

Stefano Feltri
As the Covid-19 crisis evolves from a temporary shock into what seems like a long-term catastrophe, six finance scholars from Chicago Booth—Douglas...
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Bailout

The Childcare Barriers to Putting America Back to Work

Jonathan Dingel, Christina Patterson, Joseph Vavra
Substantial fractions of the US labor force have children at home and will likely face obstacles in returning to work if childcare...
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Bailout

The Paycheck Protection Program, Meant to Prevent Mass Layoffs, Missed Its Target

Joao Granja, Christos Makridi, Constantine Yannelis, Eric Zwick
A new study shows that CARES Act funds to support small companies and prevent mass layoffs did not flow to areas more...
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Bailout

How to Save 40 percent of the Payroll Protection Program’s Costs

Joost Sijthoff, Roberto Serrano
Thanks to the loan program part of the CARES Act, small businesses can receive up to 2.5 times their monthly payroll, regardless of how much...
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Bailout

The Hidden Risks of Stimulus Packages: Federal Debt Is Not a Problem – Until It Is

Ivo Welch
Most economists agree that some stimulus bill to mitigate the effect of the pandemic was a necessary evil (although they argue about how good the...
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Bailout

Back to Work? The Political Preparation for “Phase 2” of the Pandemic Is a Matter of Trust

Efraim Benmelech , Paola Sapienza, Luigi Zingales
According to a special wave of the Booth/Kellogg Financial Trust Index, Americans have bought into social distancing rules. However, most of the respondents are...
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Antitrust and Competition

The Coronavirus Crisis Has Exposed Private Equity’s Unsustainable Business Model

Matt Stoller
Private equity portfolio companies are heavily indebted, and they aren’t generating enough cash to service debts. The steady increase in asset values...
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Bailout

In Chile, It Is Always the Banks That Decide the Direction of Politics

Daniel Matamala
Chile's government announced it would deliver $24 billion in state-guaranteed loans through the financial system to save companies at risk of bankruptcy due to the...
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Antitrust and Competition

The Cantillon Effect: Why Wall Street Gets a Bailout and You Don’t

Matt Stoller
According to the 18th-century French banker and philosopher Richard Cantillon, who benefits when the state prints money is based on its institutional setup. In...
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Antitrust and Competition

The Populist Right Has a Plan to Take Power Away From Financiers and Challenge China

Matt Stoller
The nationalist rhetoric of the Trump administration can obscure a more sophisticated recognition by some people in the populist world that the core dynamic...
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News

The Road to Hayek: A Comprehensive History of Neoliberalism’s Forefather

Bruce J. Caldwell, Hansjoerg Klausinger
In their first of two volumes, economic historians Bruce Caldwell and Hansjoerg Klausinger access new archival material to explore the first fifty...
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News

International Policymaking Must Evolve

Paul Tucker
In this Q&A about his new book for ProMarket, Paul Tucker explains the changing global order and the need for academics, policymakers...
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ESG

Capitalism Does Not Require a Tradeoff Between Planet and Profit

Alessio Terzi
Critics of capitalism claim that the economic system incorrigibly encourages the exploitation of the planet and is thus incompatible with efforts to...
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Academic Capture

Event Notes: Academic Bias Under the Microscope

Andy Shi
That scholarship often reflects conscious and unconscious biases has long been an open secret in academia. On April 22, Professors Christian Leuz,...
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Commentary

Corporations Are Not “We the People”

Geoffrey R. Stone
The Citizens United ruling contradicts the Founders, decades of Supreme Court precedent and the will of the American people.
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Antitrust and Competition

Too Many Economists Are Using a Flawed Theory To Defend Dominant Platforms’ Self-Preferencing Practices

David J. Balan
Congress is currently considering two major bills that would regulate “self-preferencing” and related conduct by dominant digital platforms. Criticism of these bills...
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Antitrust and Competition

Unfair Methods of Competition

Cory Doctorow
The FTC’s new policy on unfair methods of competition is an assertion of the original purpose of the agency, allowing it to...
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ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.

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