> Most restaurants were closed by state orders and were faced with forcing employees to come off unemployment
And yet those businesses either didn't get the loans or got a minuscule amount comparatively speaking (especially to those who knew how to game the system).
> in no way are PPP loans close to rape or murder in magnitude of harm so it’s an inflammatory analogy with no purpose
It was meant as a comparative analogy (murder to rape, as PPP to <whatever is worse>) not from (rape as to PPP, as murder is to <whatever is worse>). That was my purpose - two bad immediately recognizable crimes in society with one being considered worse.
> Would you rather have 1% bad loans or a wave of bankruptcies and layoffs triggering a depression that last 10 years? What about 10% bad loans? 50%?
I'd rather have a civil debate about whether that's effective (see Japan's lost decade for comparisons of why quantitative easing has even longer potentially more disastrous issues). You're kidding yourself if you unilaterally think that the PPP program is the only way to alleviate yourself from a "wave of bankruptcies and layoffs triggering a depression that last 10 years". Again, we're just kicking the can down the road, like we always do.
And yet those businesses either didn't get the loans or got a minuscule amount comparatively speaking (especially to those who knew how to game the system).
> in no way are PPP loans close to rape or murder in magnitude of harm so it’s an inflammatory analogy with no purpose
It was meant as a comparative analogy (murder to rape, as PPP to <whatever is worse>) not from (rape as to PPP, as murder is to <whatever is worse>). That was my purpose - two bad immediately recognizable crimes in society with one being considered worse.
> Would you rather have 1% bad loans or a wave of bankruptcies and layoffs triggering a depression that last 10 years? What about 10% bad loans? 50%?
I'd rather have a civil debate about whether that's effective (see Japan's lost decade for comparisons of why quantitative easing has even longer potentially more disastrous issues). You're kidding yourself if you unilaterally think that the PPP program is the only way to alleviate yourself from a "wave of bankruptcies and layoffs triggering a depression that last 10 years". Again, we're just kicking the can down the road, like we always do.