“The bulk of the loan money handed out through the government’s $800 billion Paycheck Protection Program (PPP) didn’t go to workers—it helped business owners and shareholders. That’s the finding of a new study published by top economists at the National Bureau of Economic Research. The group, which includes 10 professors and researchers—among them MIT economics professor David Autor and several Federal Reserve economists—writes in their paper that the vast majority of PPP loans given out during the first round of disbursements, in 2020, weren’t used to offset employee paychecks…”