This morning I decided it was time to address the “big lie.” No, not the one that has dominated the news since the November 2020 election. Not the one about elections or politics, but the one about federal versus state and local government. Or the related one about federal government versus the private sector … Read more
Since its inclusion in the House of Representatives version of the $1.9 trillion American Rescue Plan and parliamentary exclusion from the Senate version, there has been a lot of discussion about raising the minimum wage to $15/hour. Unfortunately, political debate over this issue has drowned out enlightening economic considerations. So let me take a … Read more
The sustainability of any business depends on its ability to either maintain and grow its current consumer base or develop and market new products and services to attract a previously untapped market. Or sometimes both as has been the case of the Ford Mustang. Facing competition from other automobile manufacturers for the “family car” … Read more
The question of the day: “Why is it so hard to come up with solutions to the nation’s most pressing problems?” Hopefully, the following example sheds some light on this often voiced critique of government as each option requires balancing opposing objectives. A recent conversation with a long time friend and colleague focused on … Read more
Many times, things that are easy to measure are unimportant, and things that are important are hard to measure. ~Michie Slaughter The above quote was made in reference to understanding the impact of charitable investments (i.e. grants, research and programs) by the Kauffman Center for Entrepreneurial Leadership for which Slaughter served as its first president. … Read more