It is also widening the gap between big and small businesses. The Fed cannot give people checks, which is why its actions have done little to help renters facing eviction or small businesses on the verge of dying. He said the stock market gains are a red flag signaling that small businesses are being crushed. If a small business closes, a larger business fills the void. Meanwhile, for most small businesses and those worst off, things have only become worse.

Source: Washington Post August 13, 2020 21:57 UTC