Ron and Ed welcome Chris Edwards to the show to talk about two recent reports he has authored for The CATO Institute. In How Wealth Fuels Grown, the role of wealth in the economy is the focus. In this recent study Chris examines wealthy individuals as "angel" investors, who fund startup businesses. Angel investors provide a unique source of support for America's entrepreneurs, particularly in leading-?edge industries. In Entrepreneurs and Regulations: Removing State and Local Barriers to New Businesses, Chris writes about how the U.S. economy was damaged by the COVID-19 crisis in 2020. Output plunged and unemployment spiked. Mandated shutdowns, social distancing, and altered consumption patterns resulted in many businesses closing permanently and laying off workers.
The Soul of Enterprise: Business in the Transformation Economy by THRESHOLD