We recently reported that the Federal Reserve plans to launch a 12-week pilot program in partnership with several large commercial banks to test the feasibility of a central bank digital currency (CBDC). The US isn’t alone in experimenting with digital currency. India is working on developing a digital rupee and […]
Update Three: The War on Small Business Escalates Via the CARES Act
In the my past two blog posts[1] on the $2 trillion Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), which was signed into law on Friday, March 27th, I focused largely on the Paycheck Protection Program (the “PPP” program) and the greatly expanded Economic Injury Disaster Loan Program (the […]