Monday, October 06, 2014

Tax and Spend

NASA orders Boeing and SpaceX to stop working on launch vehicles because of the court challenge filed by Sierra Nevada.

Small Business Administration loans reduce economic growth.
"The results are largely robust and, perhaps more importantly, we never find any evidence of positive growth effects associated with SBA lending. Even when the estimated effects are statistically insignificant, the point estimates are always negative. Our findings suggest that SBA lending to small businesses comes at the cost of loans that would have otherwise been made to more profitable and/or innovative firms."
That's from NBER, not some libertarian think-tank.

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