Hi, this is Noot. Because of the coronavirus, I'm currently staying at home in Rome,

where my wife serves as the United States ambassador to the Holy See. She's leading the embassy

in dealing with all the different changes being brought about by the pandemic. To bring you

this episode this week, I'm recording from my home, so you may notice a difference in audio quality.

We have 26.5 million small businesses in this country. We talk ourselves into a situation

that we don't have to be in, that we do not have to go into recession. And that if there is some

short-term pain, that's exactly what it should be, short-term.

When this episode of Noot's World, the coronavirus or COVID-19 is spreading rapidly in the United

States and around the world and it's having a major impact on our global economy. The stock market

has experienced its biggest losses in history, as bars, restaurants, gyms, and other places where

we socially gather clothes, many hourly workers are losing their jobs. The travel business,

including airlines and hotels, are facing furloughs and lales. Many small businesses are being impacted.

We are all bracing for the economic impact the coronavirus may have on all of us.

But what is the right economic policy we should be pursuing at this time?

Do we send $1,000 checks to everyone who needs the money? Or do we incentivize the economy

with tax measures that will boost the businesses most significantly impacted so they can preserve their

workforce? As the trillion-dollar coronavirus economic bailout makes its way through Congress,

I think it's important to discuss how the US economy should be supported. And please

to welcome my guests, Steve Moore, distinguished visiting fellow for the project for Economic Growth

at the Heritage Foundation, and Charles Payne, host of Making Money with Charles Payne, on the Fonds

to Business Network.

We're doing such damage to the economy as a function of our public health measures

...