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End of Paycheck Protection

The Paycheck Protection Program has ended. The good news is that most of the companies that wanted to participate were eventually able to. The bad news is that the program was incompetently administrated and is ending as we enter the second wave (or the second part of the first wave, depending on how you count).

Even with government assistance, the first wave still brought unemployment to 15%. The second wave, with dramatically reduced government assistance, will probably be worse.

There's a good chance that we could avoid most of these economic repercussions if everybody religiously wore masks every time they left their homes. Masks don't offer complete protection, but they're good enough that they would likely be about as effective as lockdown.

Unfortunately, the same people who argue against lockdown are also arguing against masks.

https://www.nytimes.com/2020/06/30/business/paycheck-protection-program-...

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