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JV's avatar

If I remember correclty Mike Green mentioned the new tax requirements demand many more gig workers file for EIN and may be counted as "new businesses". I wonder if that may skew the results.

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Meyrick Chapman's avatar

Oh, by the way, did I nick your chart? The initials work! If so, thanks for the graphic.

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JV's avatar

Must be a different GT.

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Meyrick Chapman's avatar

Yes, I think there may be something in that. Yet it seems clear the pandemic unleashed a flood of young entrepreneurs. Plus not all the policy support can have been pure waste, some had to end up in productive enterprise, if only by accident.

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PROTECT & SURVIVE's avatar

Excellent analysis Meyrick, thank you. The broader implications are even more worrying. My colleague in Australia writes an Editorial each week and I re-post on Tuesdays: Thoughts?

https://austrianpeter.substack.com/p/gold-backed-currency-redux-no-brics?utm_source=twitter&sd=pf

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Meyrick Chapman's avatar

Thanks. I share your Austrian perspective on some matters - it's a useful corrective when considering complex systems.

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PROTECT & SURVIVE's avatar

It's enough to be appreciated for 'complex systems' Meyrick, And I found Jim Rickards book an excellent discourse on complex systems applied to economics and finance: https://www.amazon.co.uk/Road-Ruin-Global-Elites-Financial/dp/1591848083

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