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Stories written by Raymond Keating

Raymond J. Keating is chief economist for the Small Business & Entrepreneurship Council. Reach him through the Web site at www.sbecouncil.org.

Does anyone have a clue how government policy affects the economy?

Does anyone in a position of power in our nation’s capital have a clue as to how policy actually affects the economy? Contrary to economic common sense and what we’ve learned from history, President Barack Obama continues to push more and more regulation, higher taxes and a generally activist government. This is somehow supposed to […]

Beige Book aptly named in matching U.S. economy

The Federal Reserve recently released the latest edition of its Beige Book, an anecdotal look at the United States economy published every other month based on interviews of business contacts, economists, market observers and so on. Given our current economy, this publication is aptly named. Beige is an elusive color. In an article published on […]

Government policies affect states of growth

Overall economic growth has been abysmal in the United States. But what about differences among the states? Are there states showing strong growth relative to the rest of the nation? The Bureau of Economic Analysis released its estimate of first quarter state gross domestic product. National state GDP growth registered 1.2 percent. As for the […]

Job gains and GDP: Why the paradox?

The July jobs report from the Bureau of Labor Statistics was good news in terms of the broad numbers, but feeds into a striking recent paradox in our economy. First, in terms of the payroll survey, employment increased 255,000 in July. That’s two strong months of job gains in a row, after an eight-month dramatic […]

Natural gas exports vital to small business prospects

While we’re deep into the 2016 election season and political pundits remain focused on the presumed Democrat and Republican presidential nominees, there’s still much left to do on the congressional calendar. One of the most pressing items our lawmakers will face in coming weeks is the future of the nation’s energy legacy. Currently, House members […]

Survey: Americans rate small businesses as good, socialism not so much

Hey, who needs a bit of good news? The results of a recent Gallup survey show Americans still love small business, but aren’t too fond of socialism. Gallup asked Americans if they had a positive or negative image of various terms relating to the economy. Thankfully, the top three positive responses were for “small business” […]

Numbers confirm policy changes needed to boost productivity

The latest numbers reported by the U.S. Bureau of Labor Statistics continued an incredibly long stretch of poor labor productivity. Let’s consider four key points on the productivity front. In the first quarter of this year, nonfarm labor productivity declined by 1 percent. That came on the heels of a 1.7 percent decline in the […]

What ails the United States? It’s the economy and government

So, what ails the good old U.S. of A.? According to the results of a recent Gallup poll, Americans point to the economy and government. When asked what’s the most important problem facing America today and leaving it as an open-ended question, 28 percent of those who responded identified the economy or jobs, while 17 […]

Why government data on state growth matters to small business

News the U.S. Bureau of Economic Analysis is now publishing quarterly gross domestic product data by state seems at first like a development about which only an economist could get excited. In reality, this offers more valuable information for small business owners in terms of evaluating how their local economies are performing and where they’re […]

Small business deserves big role in campaign

Super Tuesday has come and gone, but there’s still a long way to go before the presidential nominees are selected. What does all of this mean for small businesses? It’s not all that clear given we haven’t heard too much about small business on the campaign trail or in the debates. And some might ask: […]


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