Debt is extremely cheap nowadays. The federal government and Federal Reserve are injecting trillions of dollars into the U.S. economy, which means entrepreneurs can access loans at historically low rates. (In March, the Fed cut interest rates to zero.) And I don’t know what you’ve heard, but angels and VCs are still active.
Moreover, the $2.2 trillion stimulus package signed into law on March 27 is extraordinary legislation that attempts to avert another Great Depression. (The 1930s crisis saw 25 percent unemployment.) Last month, nearly 10 million Americans filed for unemployment benefits, and that’s after millions more were turned away by clogged application systems.
