Thursday, February 28, 2013

Economy

Fewer Ohioans are starting their own businesses. In an act of journalistic malfeasance, the article doesn't mention regulation and taxes are only mentioned once, but here's a comment:
"Is it any bloody wonder? Business owners are not only competing for fewer and fewer dollars but at war against a continuous assault of regulations and taxes from an ever expanding medling government hell bent for a communistic society."
It's sad when you have to go to the comments to understand what should be in the article.

Fed pushes Dow just below record high from October 2007. 

In a terrible indictment of the damage government has done to entrepreneurs, many of 150 MIT spin-off companies can't raise capital in the US, so they go overseas. This is a consequence of onerous taxes and regulations.

Peter Schiff predicts Canada will divorce the US and marry China. I'm still skeptical about China. They're building ghost cities. Their central planners are misallocating resources on a fantastic scale. It will have consequences. Big ones.

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