It’s too soon to fix a date for fully reopening the economy, but not to plan for what recovery will require. Fiscal and monetary stimulus are the federal government’s most potent emergency economic tools, but the Trump administration should also look for opportunities to use regulatory relief to amplify the recovery effort. In the short term, the Covid-19 crisis will justify temporary, targeted regulatory relief. In the long term, it will challenge regulators to apply the crisis’ lessons in reforming and modernizing the administrative state.

Source: Wall Street Journal May 03, 2020 21:45 UTC