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Economic Lessons from Obituaries

Snarkasterous1 Wrote: Oct 29, 2012 4:17 PM
OK, sure, entrepreneurs create businesses, produce products and services, create jobs, form the foundational backbone of the American economy..... ...but never forget that Al Gore created the Internet! - Snark

Where is the best place in the newspaper to learn about how the economy works?

In today’s Washington Post the business section has the usual stories about Ben Bernanke’s manipulations, government debt, and regulatory issues. But there is little on the innovation and dynamism that is at the heart of long-run economic growth.

It is entrepreneurs who create growth, and they are often best covered in the obituary section of the paper. Today the WaPo has a Bloomberg story about the passing of Albert Ueltschi, “who founded aviation-training company FlightSafety in 1951 [and] expanded it into an international powerhouse.”