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Here’s Why Adding Billions More to the Second Round of PPP Won’t Fix It

Why simply adding more money to the pot won’t end the problem of venture-backed startups and large corporations landing relief loans

The Paycheck Protection Program (PPP)— a federal initiative to provide loans to small businesses that are forgivable if…



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Daniel Greenwald

Assistant Professor of Finance at the MIT Sloan School of Management, researching links between finance and the macroeconomy.