The COVID-19 pandemic is precipitating an unprecedented economic downturn, and small businesses are likely to bear the brunt. Mandatory shutdowns and social distancing forced many small businesses to shut their doors. Even as governments begin lifting social distancing restrictions, the residual effects of unemployment and disrupted business operations will complicate the economic recovery of small businesses. The US government has taken some steps to lessen the damage to small businesses, but these steps impose large costs on taxpayers, and depending on how long the pandemic lasts, these steps may not be enough to keep many small businesses open.

Karen Czarnecki, Vice President of Outreach at the Mercatus Center is joined by Patrick McLaughlin, Senior Research Fellow and Director of Policy Analytics at the Mercatus Center, Adam Thierer, Senior Research Fellow at the Mercatus Center, and Elizabeth Milito, Senior Executive Counsel at the National Federation of Independent Business (NFIB) to discuss potential next steps for small businesses, how deregulation can help small businesses right now and post pandemic, and the benefits of permissionless innovation during the pandemic and after the pandemic is over. 

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