How About an Entrepreneurship Czar?

As we near the one-year anniversary of our economic recession, we also appear to be approaching a crucial juncture and, of the two likely paths ahead, neither is cause for optimism.

History, economic indicators and the natural business cycle all suggest that we are transitioning out of the Crash of Late-2008 into either a "double-dip" downturn or a slow "jobless" recovery. In other words, our near-term prospects appear to be either catastrophic or merely dreary -- deflation-driven depression or inflation-driven recession, 1932 or 1976.