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How to Fix America’s Entrepreneurship Crisis

Local governments can help address the crisis in entrepreneurship by cutting red tape.

The state of entrepreneurship in America is in a “crisis.” While the cost of starting a small business continues to decline, the number of new firms as a share of all companies has dropped 44 percent since 1978. The drop in self-employment is “one of the great mysteries in economic data today,” says Jon Lieber, chief […]