PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Keating’s CyberColumn

March 28th, 2020 by

by Raymond J. Keating- Amidst the coronavirus crisis and economic downturn, we’ve seen wonderful examples of people helping and pitching in however they can. That goes for many businesses as well. For example, The Washington Post reported on how the founder of Fanatics, Inc., Michael Rubin, came up with the idea in the middle of […]

March 24th, 2020 by

by Raymond J. Keating- The coronavirus and governments’ largely necessary responses have created enormous amounts of fear and uncertainty in many of our lives. Health risks, worrying about loved ones, lost jobs, small businesses struggling to hang on, and wondering how bills will be paid stand out as harsh realities for millions of Americans. But […]

February 28th, 2020 by

by Raymond J. Keating- The U.S. Bureau of Economic Analysis released its second estimate on fourth quarter 2019 gross domestic product (GDP). The real GDP growth rate remained unchanged from the first estimate at a lackluster 2.1 percent, with the 2.3 percent growth rate for all of 2019 – slowest since 2016 – also unchanged. […]

February 18th, 2020 by

by Raymond J. Keating- Earlier this month, Square/Gallup published the results of a poll of small business owners taken from January 15-24 in effect measuring their engagement on the 2020 presidential campaign. Square/Gallup reported that 60 percent of small business are paying “a lot” of attention to the campaign, with another 30 percent saying that […]

January 26th, 2020 by

The latest outlook shows global GDP rebounding, and U.S. GDP slowing by Raymond J. Keating- The International Monetary Fund (IMF) just released the latest update to its World Economic Outlook. As usual with the IMF, there are issues that raise questions, but one issue actually is substantive and striking, and that pertains to projections regarding […]

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 […]

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