By Charles R. Schwab – The answer to that question is a simple test: can they ignite economic growth?
Economic growth is the only ingredient that will help pull the country out of its present funk and allow us to solve our pressing issues.
Growth is not complicated. It is a force of nature. But when it stalls, as it has for the last four years, it will not return without effective leadership. A great leader understands and applies the power of incentives to encourage growth. Incentives appeal to a basic human instinct and motivate productive choices. They are used throughout our lives from grades in school that encourage learning and higher performance, to the incentives we use at work through pay, bonuses and promotions to recognize and encourage accomplishment. Incentives are the most powerful tool a government and its leaders have to spur economic growth. more> http://tinyurl.com/97zw5yd
Related articles
- Fundamental Economic Requirements For Our Next President (forbes.com)
- What drives innovation, the engine of economic growth? (profitableandmoral.com)
- Tax Cuts Don’t Lead to Economic Growth, a New 65-Year Study Finds – Derek Thompson – The Atlantic (theatlantic.com)
