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At the same time, however, other policies clearly will have an important impact on innovative entrepreneurship and the U.S. economy in the years ahead.
Two prominent examples are how federal policymakers deal with future budget deficits looming because of entitlement programs for the soon-to-be-retiring baby-boom generation, and whether the United States and other countries will backslide or move forward toward further trade liberalization in an environment where increasing numbers of citizens are nervous or skeptical about the value of globalization. Dealing with the long-term budget deficit is important, if not essential, in order to maintain a low-interest rate environment (which makes it easier to finance new ventures) and to avoid financial crises...
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Common topics in this essay:
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