COVID-19 has illuminated regulations that hold entrepreneurs back
If the COVID-19 crisis has taught us one thing, it is the importance of American dynamism, the idea that individuals, government at all levels, and businesses should have the flexibility necessary to adapt to an increasingly complicated world.
Silver linings are hard to find in the midst of a continuing pandemic that has left the economy in disarray, but one positive result could emerge from this crisis: Governments are finally getting serious about cleaning up some of their most outdated, unnecessary or stifling regulations, many of which seem to have hindered our response.
For both regulators and citizens, the old adage, necessity is the mother of invention, has rung true over the last few months. Yet, if we want to see lasting change, we will need reforms that enable us to lock in and even expand upon any progress we’ve made.
Senior Research Fellow
Mercatus Center, George Mason University