Entrepreneurship News Round-Up: Week of 6/29/2009
Barry Ritholtz on the Big Picture blog delves into a new article in "Scientific America" titled The Neuroscience Science of Bubbles and Busts. The article, which he calls "fascinating stuff," is a look at the “worst economic crisis since the Great Depression,” from the perspective of understanding how financial markets work relative to how people make decisions about money, and specifically the "Money Illusion," that results from most people not accurately realizing how inflation affects everything from home values to the price of milk.
In international news: Yves Smith says the Chinese Banking System is "veering out of control" struggling to absorb $1T of new lending issued since December.
Jeff Cornwell of the Entrepreneurial Mind blog links to a new study suggesting that taxes may be a contributing factor to the failure of small businesses in addition to decreasing the number and rate of entrepreneurial start-ups in an economy.
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