A Talk with a Small-Biz Heretic

Are 75% of new jobs created by the sector, as so often claimed? Not at all, says think-tank scholar Véronique de Rugy, who wants the SBA abolished

When American Enterprise Institute (AEI) visiting scholar Véronique de Rugy began looking at the long-held notion among entrepreneurs and policymakers that small businesses were the "fountainhead of job creation" and an important economic driver, she came to a radically different conclusion. A former analyst at the Cato Institute who earned her PhD. from George Mason University on the economics of tax revolt, de Rugy says that the policies predicated upon these deep-seated beliefs are not only wrong but actually damaging to small businesses and the economy at large.

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