Like we said in the last post: would you like to bet that more than a few of the thousands, indeed hundreds of thousands, of the recently laid-off, are going to come up with exciting and important new ideas and innovations and businesses? The New York Times reports that this has already begun to happen: "Plenty of other laid-off workers across the country, burned out by a merciless job market, are building business plans instead of sending out résumés. For these people, recession has become the mother of invention."
Specifically, right now is when the tipping point seems to be happening: the mentality is changing from one of desperation to one of opportunity. From here on out, the little guys are going to be playing a bigger and bigger role in putting the economy on the road to recovery. We can only hope that policymakers are wise enough to perceive, and to act to make to encourage such private efforts.
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