You would go to the supermarket with your parents to buy the ingredients, rush home to the kitchen with your siblings to mix everything up, create your own lemonade stand sign, and then head out to the end of your driveway / sidewalk to offer neighbors a cup of watered-down lemonade for 25 cents. While 25 cents per cup wasn’t the greatest profit margin, you still felt the most successful entrepreneur in the world!
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Increases in gross domestic product, falls in joblessness and upticks in new housing starts are of course good and welcome, but taken alone these indicators offer us little insight into how the U.S. economy will be doing in five or ten years’ time.
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It is a problem that undermines the functioning of the free market and hinders economic development where it is most needed, says Leslie Benton, vice president of advocacy and stakeholder engagement at the Center for Responsible Enterprise and Trade (CREATe.org).
The launch platform in which I participated was a pop-up, three-week innovation and manufacturing center where aspiring makers, entrepreneurs, and students could go to develop new skills and learn about advanced manufacturing technologies.
In the case of the reauthorization of the Export-Import (Ex-Im) Bank, however, thousands of businesses of all sizes in congressional districts across the nation can’t understand why Washington is threatening to let Ex-Im’s charter expire. Frankly, I don’t either.