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This is exactly the sort of thinking that only makes sense in Washington. It puts completely unnecessary and unrealistic obligations onto American firms, forcing them to deal with administrative nonsense instead of what actually matters in business: making money.
The concept isn’t hard– when companies can focus on their core business and grow, they’re more likely to hire. For all the talk that politicians want to reduce the unemployment rate, everything they’re doing is making it more difficult for businesses to prosper… and hire.
The state panel causality tests we perform in this article conclude
that entrepreneurial activity causes an inflow of venture funding, and
not vice versa. Because entrepreneurial activity tends to be the underlying
factor that automatically and naturally attracts more venture
capital to an area, economic development policies should focus on
creating an environment attractive to individual entrepreneurs, rather
than on attracting venture capital.
We gathered data across U.S. states on the growth of entrepreneurial
activity in each state, other key factors that have previously
been shown to be correlated with entrepreneurial activity for that
state, and the degree of economic freedom in the state. Our results
show that an area’s degree of economic freedom significantly impacts
the underlying level of entrepreneurial activity. Put simply, an environment
of low taxes, low regulations, and secure private property
rights is what is necessary to encourage the entrepreneurial activity
that is vital to produce economic growth.
Originally posted by woodwardjnr
Good job no one bothered to regulate those banks or we would all be in whole load of trouble right now. The light handed approach has worked out so well for us.
Originally posted by SpeachM1litant
However I find no flaw with your contention. I simply want to ensure that people are aware of the complexities of the free market system.