Quotes

"Fascism and communism both promise "social welfare," "social justice," and "fairness" to justify authoritarian means and extensive arbitrary and discretionary governmental powers." - F. A. Hayek"

"Life is a Bungling process and in no way educational." in James M. Cain

Jean Giraudoux who first said, “Only the mediocre are always at their best.”

If you have ten thousand regulations, you destroy all respect for the law. Sir Winston Churchill

"summum ius summa iniuria" ("More laws, more injustice.") Cicero

As Christopher Hitchens once put it, “The essence of tyranny is not iron law; it is capricious law.”

"Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it." Ronald Reagan

"Law is where you buy it." Raymond Chandler

"Why did God make so many damn fools and Democrats?" Clarence Day

"If I feel like feeding squirrels to the nuts, this is the place for it." - Cluny Brown

"Oh, pshaw! When yu' can't have what you choose, yu' just choose what you have." Owen Wister "The Virginian"

Oscar Wilde said about the death scene in Little Nell, you would have to have a heart of stone not to laugh.

Thomas More's definition of government as "a conspiracy of rich men procuring their own commodities under the name and title of a commonwealth.” ~ Winston S. Churchill, A History of the English Speaking Peoples

“Laws are like cobwebs, which may catch small flies, but let wasps and hornets break through.” ~ Jonathon Swift

Tuesday, October 9, 2012

A Telling Graph from last month. Is the U.S. Startup Economy Failing?

Seems that the start-up rate is lagging way behind now.
Also, the new startup rate started to lag under the last two years of the Geo. W. Bush period when the was the Democrat majority in both houses of congress. m/r

Is the U.S. Startup Economy Failing? ~ I, Cringely
September 20th, 2012  Robert X. Cringlely

As I’ve written here many times before, small companies and especially new companies are what create nearly all of the net new jobs in America, yet a new study released last week by the Hudson Institute suggests the rate of job formation by new firms is down dramatically in recent years, from an average of 11 new startup jobs per 1000 workers at a peak in 2006 down to 7.8 new startup jobs per 1000 workers in 2011 — a 29 percent decline.  So is the startup economy losing its oomph and should we be worried? No the startup economy isn’t losing its oomph but yes, it’s time to worry.
The Hudson Institute study was written by the think tank’s chief economist Tim Kane, who is not only a friend to this column he is a friend to all of you since he is a frequent reader and commenter right here.  Tim notes with concern this downward trend in startup job formation but his study doesn’t attempt to explain it, leaving that for the future. He’s not above, however, mentioning the likely negative impact of increased regulation, especially from the impending Affordable Care Act, AKA Obamacare.
There’s a lot to think about here and a lot of good research yet to be done, but I know more startup founders than the average Joe and I don’t think many of the founders I know were factoring Obamacare, with its 2014 inception date, into their 2011 business decisions.
There are, I think, two much more significant effects being felt here. One is the nature of job formation has been evolving over time and labor statistics haven’t yet evolved to keep pace. The other effect is the simple unavailability of credit despite low interest rates.
-see above link for the rest-
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