Industrial Policy For Venture Capital?

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The best industrial policy would be for the federal government to downsize, repeal most regulations, stop borrowing, cut taxes, and most importantly, establish a sound, honest unit of currency.
Most of what the government has done for the past 70 years has been designed to benefit one special interest after another, at the expense of all the rest. A web of regulations and taxes and quotas ensnare anyone who wants to make an honest living. To make matters worse, the Fed is constantly tinkering with the money supply.
I say to all the would-be geniuses who want to help kickstart the economy, leave us alone! To all those who say that deregulation got us into this mess, have a closer look at the Federal Reserve System: it has its dead finger on the scale of every bank and financial institution in this country, and many abroad. The entire economy is pumped full of money whenever it seems politically expedient; this Fed-generated inflation is the cause of the systemic instability which is sloshing around and making a mess of everything.

terrymac of CA 11:35PM June 25, 2009

The government doesn't need to do more to encourage venture capital. All it needs to do is remove Sarbanes Oxley, which has had a devastating effect on start-ups going public, due to enormous new regulatory compliance costs.
You can blame the pro-regulation people for Sarbanes-Oxley.

Mike of AK 6:38PM June 25, 2009

As a small startup I'll take any money they shove my way. Folks who stand on principle are fine and all, but an entrepreneur who wants to be successful can't turn down $ no matter who is forking it over. And if government doesn't give me $ because they aren't interested in my market sector... that's different from now, uhm, how?

Badtux of CA 10:56PM June 18, 2009