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The crypto/wallstreetbets world shows there is some extreme risk-taking at the margins. But this is not the sort that's important, I think. The rate of entrepre
by pradn 5y ago
The crypto/wallstreetbets world shows there is some extreme risk-taking at the margins. But this is not the sort that's important, I think. The rate of entrepreneurship is declining in the US, perhaps due to higher corporate concentration or the cost of not having regular benefits (healthcare primarily). The effect of such a decline is much more pronounced when multiplied by the hundreds of thousands of communities that small businesses like restaurants impact.