Once after lecturing at a famous business school a student approached to describe what sounded like a promising idea. His question still haunts me. “Do you think the government will allow me to try this?” What better example of how the ubiquitous regulatory state stifles creativity. Its presumptive power to stop an idea in gestation is antithetical to risk-taking capitalism.
Looking back to the Harris campaign, her solution of encouraging more entrepreneurs was to be expected when finding herself without a coherent economic plan. Bidenomics was not one. Turning to entrepreneurs is the Deus Ex Machina solution of politicians and economists who otherwise refuse to see that cutting taxes and reducing the regulatory burden on large and especially small businesses is the only way to reduce debt and induce real growth.
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