Sep
3
Thought of the Day, from Art Cooper
September 3, 2010 |
The incentive to large size/ disincentive to small size seems an invariable result of centralization and regulation. New Deal regulation hurt small entrepreneurs disproportionately and worked to the benefit of large enterprises, and the regulatory impositions of the current administration have the same effect.
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For a detailed explanation of this, see the Op-Ed piece “The Regulation Tax Keeps Growing” by Nicole Crain & W. Mark Crain, on p. A17 of the Sept 27 WSJ