PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Keating’s CyberColumn

April 14th, 2021 by

by RAYMOND J. KEATING- U.S. Senator Josh Hawley (R-MO) doesn’t seem to like large businesses and mergers. He also isn’t too fond, apparently, of the work economists can do in terms of informing public policy on such matters. Senator Hawley has just introduced the “Trust-Busting for the Twenty-First Century Act.” If the title sounds a […]

April 12th, 2021 by

by Raymond J. Keating- Back in 1819, Chief Justice John Marshall summed up the straightforward economic problem with taxation in nine words: “the power to tax involves the power to destroy.” Over two hundred years later, far too many politicians have ignored this eloquent expression of an economic truth, as most recently evidenced by President […]

April 2nd, 2021 by

by Raymond J. Keating- A new index – the Draper Innovation Index – went live at the end of March from the Draper Hero Institute. It assesses and ranks ecosystems for entrepreneurship around the globe. Ranking #1 was the United States, followed by Singapore, Hong Kong, Switzerland and the United Kingdom. As explained on the […]

April 1st, 2021 by

by Raymond J. Keating- Well, that didn’t take very long. Various politicians and special interests are back to attacking the pharmaceutical industry. Let’s quickly review the facts: First, a deadly, global pandemic breaks out. Second, as COVID-19 hits, spreads, and takes hundreds of thousands of lives in the U.S., far too many politicians stumble, bumble […]

February 24th, 2021 by

  by Raymond J. Keating- Since its inception in the late 19th century, antitrust regulation has rested more on the whims of progressive and populist politics rather than on sound economics. Indeed, that has remained the case now more than 130 years after the first major piece of antitrust legislation was signed into law, and […]

February 19th, 2021 by

by Raymond J. Keating- For those expecting a cranking up regulatory activity under a Biden administration, unfortunately, their expectations thus far have been met. Increasing regulatory burdens always take a toll on entrepreneurship; small business; American competitiveness; and economic, income and employment growth (for a refresher, see this SBE Council report), but ratcheting up such […]

February 2nd, 2021 by

Impact on Entrepreneurship, Small Businesses, and the Economy by Raymond J. Keating- Raising taxes and using class warfare to justify such increases never make for sound economic policy. And of course, such measures are most troubling when the economy already is struggling. Nonetheless, President Joe Biden has proposed an assortment of tax increases that are […]

January 29th, 2021 by

by Raymond J. Keating- The latest report on personal income from the U.S. Bureau of Economic Analysis showed growth in personal income resuming in December, after two months of rather stark declines. However, small business income clearly continues to suffer. Personal Income Grows, Small Business Income Shrinks After declining by 0.7 percent in October and […]

January 26th, 2021 by

by Raymond J. Keating- President Joe Biden favors more than doubling the federal minimum wage mandate from $7.25 per hour to $15. But as with any massive regulatory measure imposed by government, while it might sound nice to many and serve up benefits to some, such a mandate comes with real and significant costs for […]

January 21st, 2021 by

by Raymond J. Keating- For better and for worse, 2021 promises to serve up some big policy changes from Congress and the White House. But that process is already underway in various states – again, for better and for worse. Consider some key state tax changes affecting entrepreneurship, small business, working, and competitiveness. Arizona. Small […]

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