Friday, 18 March 2016

Quote of the Day, Follow-Up: Creating jobs with capital

 

Yesterday I posted about the destructive consequences of Trump's protectionism.
It turned out to be very controversial, because many people are unemployed or
underemployed, and many more are scared about losing their jobs. Fear does
not make for a good economics lesson.
    “They want to know what we can do. I have one idea.
    “Deregulate the raising of capital. Eliminate licensing, supervision, the artificial
distinction of "accredited" investor, the Securities Act, the SEC, [Commerce
Commision, CGTs] …The whole sorry mess. Get rid of it.
    “Then startups will be able to raise capital. Capital is the prerequisite to hiring.”

~ Keith Weiner

1 comment:

  1. Yes agreed :-). Also perhaps add : license to start a bar / license to become a builder and license to build a house

    ReplyDelete

1. Commenters are welcome and invited.
2. All comments are moderated. Off-topic grandstanding, spam, and gibberish will be ignored.
3. Read the post before you comment. Challenge facts, but don't simply ignore them.
4. Use a name. If it's important enough to say, it's important enough to put a name to.
5. Above all: Act with honour. Say what you mean, and mean what you say.