​Recently, Mises Daily published a great article, “Yes, Minimum Wages Still Increase Unemployment,” by Andrew Syrios. I have talked about this topic throughout the semester, not only because it is course appropriate, but also because a local ordinance was passed recently to increase the minimum wage here, and the state has taken up the issue. Even better, I was covering price controls in class the day the Syrios article appeared—perfect timing! I pushed it out to students through our online platform. I figured the article would surely help me reinforce with students why price controls distort markets with another piece of evidence from outside the textbook. 

The final stimulus ballooned in cost over a week of negotiations as both sides sought to insert additional funding for their desired provisions. In the first three stimulus drafts, the corporate loan guarantees—which the federal government must recoup if businesses aren't able to repay their debts—amounted to $208 billion. In the final version, that number had grown to $500 billion.
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Overseeing that loan program will be Treasury Secretary Steve Mnuchin, who will have broad power over which corporations receive money. Though Democrats were successful in mandating that an independent inspector general and an oversight board review those lending choices, the overall program expanded far beyond its original scope, more than doubling in cost. Critics rightly reduced it to a corporate slush fund: The federal government will wield great discretion in carefully selecting the businesses that survive coronavirus—a queasy example of corporate welfare.

In economics, moral hazard occurs when an actor has an incentive to increase their exposure to risk because they do not bear the full costs of that risk. For example, when a person is insured, they may take on higher risk knowing that their insurance will pay the associated costs. A moral hazard may occur where the actions of the risk-taking party change to the detriment of the cost-bearing party after a financial transaction has taken place.
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• "Forgive April late fees
• Postpone when rent is late
• Offer additional payment plans (we, like some other management companies, usually only allow one payment plan per lease)
• For tenants who have lost their job, consider applying part or all of their deposit to the rent (under normal conditions, you should never do this)
• Consider restructuring leases if you can afford to, as banks have done in the past (take the April rent or part of it and spread it out over the remaining course of the lease)"