Bernanke on Entrepreneurship

Posted on February 10, 2009


Watching Mr. Bernanke’s testimony to the House of Representatives Budget Committee. He just said something very poignant (paraphrasing):

In1930s in US and more recently in Japan, the destabilization of the banking sector made it very difficult for entrepreneurs to get credit and very difficult to grow their business.

What I see in this statement is that business will lead us out of the current economic environment – not the government. Focus on financial market stabilization and business what it’s good at – innovate and advance on new opportunities.

That is all.