Too Small To Fail?
Source: Columbia University
Innovative, upstart ventures have a crucial role to play in economic recovery, says Michael A. M. Keehner, who suggests it may be time to give entrepreneurs a stimulus package of their own. Lately, the notion of getting a bailout has become embedded in American culture, intensified no doubt by unprecedented federal support for troubled companies like AIG. So far, the rationale has been that some firms are too big to let fail. He thinks there are some firms that are too small to let fail too - young enterprises that are the entrepreneurial backbone of our economy.