Does Welfare Actually Promote Entrepreneurship?

A recent article in The Atlantic challenges the oft-cited negative correlation between welfare programs and entrepreneurship by saying that welfare reduces the risks of starting a business, which would actually encourage entrepreneurship: This argument is particularly important today for two reasons. First, despite the headlines coming out of Silicon Valley, America has actually become less entrepreneurial over the past few decades. The research described above suggests that reversing that decline Read more […]

Rethinking Income Inequality … Is it Actually a Good Thing?

Is income inequality a bad thing? Most people would say so. It seems obvious that income inequality is based on greed and corporate welfare, right? Some of it certainly is. But some of it is based on the fact that certain people hit on an extremely useful idea at the right time, take the necessary risks, and capitalize on it. The stories of this occurring are more common in American history than the history of probably any other country in the world. The iconoclastic entrepreneur is one of our Read more […]