PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Keating’s CyberColumn

December 26th, 2019 by

by Raymond J. Keating- The latest state employment report from the U.S. Bureau of Labor Statistics continues to show that job growth is split among the states. First, for the month of November compared to October, nonfarm payroll employment grew in six states (Texas, Michigan, Virginia, Washington, Tennessee and Oregon), dropped in one state (Illinois) […]

December 11th, 2019 by

by Raymond J. Keating- States that impose weighty tax burdens tend to inflict heavy regulatory burdens as well. This is evident in the data in SBE Council’s “Small Business Policy Index 2019: Ranking the States on Policy Measures and Costs Impacting Entrepreneurship and Small Business Growth,” which ranks the 50 states according to 62 different policy […]

December 4th, 2019 by

by Raymond J. Keating- The political Left has a tough time with economics, especially the economics of taxation. Specifically, they’ve put forth all kinds of proposals to “tax the rich,” as they like to put it, and believe that only the rich will pay in the end. Of course, that’s not how taxes work. In […]

November 22nd, 2019 by

by Raymond J. Keating- If the intention is to undermine investment, entrepreneurship and innovation, then one of the surest public policy means to do so would be imposing price controls. After all, when government regulates the price of a good or service, that means government limits the potential returns on such endeavors, and creates political […]

November 18th, 2019 by

by Raymond J. Keating- The federal budget doesn’t get the attention it deserves. Specifically, while the federal government’s spending problem warrants serious attention and remedies, it seems largely to be ignored. For the most part, when the federal budget does come up as an issue, it tends to be about the budget deficit. And at […]

November 8th, 2019 by

by Raymond J. Keating- Often times, elected officials and voters need to be reminded that public policies affect incentives and costs in the private sector – often to a substantial extent. And that is the case in the states, as well as at the national level. Let’s take the example of the latest report from […]

November 1st, 2019 by

by Raymond J. Keating- The October jobs report from the U.S. Bureau of Labor Statistics, once you get beyond the headlines to the more substantive numbers, turned out to be pretty solid. The headlines were underwhelming, with payroll gains of 128,000 for October, and increases coming in below 200,000 in seven of the last nine […]

October 24th, 2019 by

    by Raymond J. Keating- To say that government plays too big of a part in daily life would be to grossly understate reality. Gallup just reported that “a near-record-high 34% of Americans cite the government, poor leadership or politicians as the most important problem currently facing the U.S.” Indeed, Gallup notes that in […]

October 18th, 2019 by

by Raymond J. Keating- The latest industrial production report from the Federal Reserve was negative pretty much across the board. After welcome growth in August, industrial production (i.e., the real output of the manufacturing, mining, and electric and gas utilities) declined by 0.4 percent in September. That included a 0.5 percent decline in manufacturing production, […]

October 17th, 2019 by

by Raymond J. Keating- The Federal Reserve’s Beige Book released on October 16 did not paint a pretty picture on the economy. Most striking was the opening statement: “The U.S. economy expanded at a slight to modest pace since the prior report as business activity varied across the country.” That term “slight” is a downgrade […]

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