"for all but seven years between 1977 and 2005, existing firms are net job destroyers, losing 1 million jobs net combined per year."
"New businesses account for nearly all net new job creation"
This research sheds light on another key economic issue of the day: why doesn’t the Fed’s policies of low interest rates and “quantitative easing”, which shovel hundreds of billions of dollars into the economy, create net new jobs? One part of the answer is clear: the money is only accessible to established firms, which haven’t been creating net new jobs.
"keeping company size and industry constant, private US companies invest nearly twice as much as those listed on the stock market"
"So if the Fed’s money doesn’t go into job creation or investment, where does it all go?"
$3.4 trillion, on