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.
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.
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?
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.
Oh, by the way, did I nick your chart? The initials work! If so, thanks for the graphic.
Must be a different GT.
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.
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
Thanks. I share your Austrian perspective on some matters - it's a useful corrective when considering complex systems.
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