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Louis DeBroux: Despite Gov't Obstacles, American Entrepreneurs Find a Way — The Patriot Post

Several recent reports show just how much damage government policies in the age of COVID-19 have done to small businesses and American workers, but also the resilience of the American people to innovate and overcome obstacles in their pursuit of success.
It has long since become obvious that draconian government lockdowns and mandates have done far more damage to the American people than the coronavirus has, especially with the arbitrary nature of the restrictions. Democrat governors and mayors have shut down countless thousands of small businesses with their burdensome, expensive restrictions, while allowing the facilities of big corporations to remain open and running. ....

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patriotpost.us - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from patriotpost.us Daily Mail and Mail on Sunday newspapers.

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The Impact Of The Pandemic And The Feds Muni Program On Illinois Muni Yields

The Impact Of The Pandemic And The Feds Muni Program On Illinois Muni Yields
We estimate a simple model in which variations in Illinois daily municipal bond yields are explained by high-frequency indicators summarizing economic and public health conditions in Illinois, as well as key changes in the Federal Reserve’s Municipal Liquidity Facility (or MLF). We find that the MLF appears to have reduced Illinois muni yields by more than 200 basis points.
The Covid-19 pandemic put finances of states and municipalities across the country under severe stress. This stress derived both from reductions in revenues associated with lower economic activity and increased demands on public health and social safety measures. State and local governments have received substantial federal support through the CARES Act. They have arguably also benefited from the establishment of the Federal Reserve’s Municipal Liquidity Facility (MLF) - announced on April 9 to address the liquidity needs o ....

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