“It is important to remove artificial barriers–stumbling stones, often local in origin and coming from incumbent opposition to entry–and to not burden businesses with taxes that reduce their internally generated funds for reinvestment, growth and striving to overcome market challenges.”

— Vernon L. Smith

quoted in Nobel Economist Pans Start-Up Chile Concept http://brophyworld.com/nobel-economist-pans-start-up-chile-concept/ (2011).

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Vernon L. Smith20

American economist 1927

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“It is important to remove artificial barriers–stumbling stones, often local in origin and coming from incumbent opposition to entry–and to not burden businesses with taxes that reduce their internally generated funds for reinvestment, growth and striving to overcome market challenges.”

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Vernon L. Smith20

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