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entrepreneurship-access-to-capital-and-americas

Posted by: admin 15 years, 3 months ago

Here's an interesting post on entrepreneurship, access to capital and race based on a restricted Census Bureau information. The post ties this study into the current fiscal crisis as well. It's a very interesting post.

In my opinion, there's been a bias toward consumer credit over business credit, which has helped create a market where it was easier to buy a home than get a good job. To put this into perspective, the total amount of SBA loans outstanding as of June 2007 is $685 billion, just $15 billion less than the estimated cost of the bailout of bad mortgage loans.

"But consumers are 3/4 of the economy", you say. "Isn't that part of the problem", I say.

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