AUSTRIAN ECONOMICS ADDICT

Small business is the backbone of the American economy. Small business is where over 60% of new jobs come from. Small businessmen are risk takers who are willing to learn from the process of trial and error. New ideas and innovation comes from small business, not the status quo.

The status quo wants to protect their position in the market. They lobby Government to pass laws make it difficult (costly) for competitors (small business) to enter the market.

People think Government regulations like minimum wage laws and Obamacare are like throwing life savers to employees. But in reality these regulations are anvils thrown to small businesses, many of whom are treading water. If a small business goes down because of government regulation, the employees also go down.

Here is a video from Prager University titled: What’s Killing The American Dream?

It talks about how Government is making it more and more difficult for small businesses to survive.

Ronald Reagan said: “The nine most terrifying words in the English language are: “I’m From The Government And I’m Here To Help“. How true.

Related Article – “I’m From The Government And I’m Here To Help“, at austrianaddict.com.

Related Article – Government Intervention Stifles Real Job Creation, at austrianaddict.com.

This entry was posted on September 29, 2016 at 8:03 am and is filed under Econ. 101, Government and Politics. You can subscribe via RSS 2.0 feed to this post's comments.

Tags: Government Regulations Crush Business, Prager University, Small Business