With vaccinations underway and the Biden administration about to assume power, attention will soon return to an assessment of the true damage that Covid-19 has wreaked on the American economy. At this moment, it’s important to take stock of the various rescue measures that have been extended by the federal government and consider how they should be amended in the future. Above and beyond the $900 billion stimulus signed by President Trump on Sunday, over the next two to four years it is likely that between $5 to $10 trillion dollars of taxpayer money, in the form of taxpayer-backed loans and loan guarantees, will be expended to save American businesses and jobs. That level of government aid
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