That’s the conclusion of a new NBER paper by Andy Young, Matthew Higgins, Don Lacombe, and Briana Sell, “The Direct and Indirect Effects of Small Business Administration Lending on Growth: Evidence from U.S. County-Level Data” (ungated version here). “We find evidence that a county’s SBA lending per capita is associated with direct negative effects on its income growth. We also find evidence of indirect negative effects on the growth rates of neighboring counties.

A new report on career earnings by college major is making the rounds. Engineering majors make the most, with economics the highest of the social sciences, and even ahead of business.

The Mercatus Center at George Mason University organized an event yesterday at the 40th anniversary of FA Hayek winning the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (the economics “Nobel Prize”).

The NFL is running one of its own games on the public, and as one of the most subsidized non-profit organizations in American history, the NFL excels at tackling the American taxpayer. It should be of no surprise that with its religious-like following, the NFL receives the same tax-exempt status as a church, exempted under the IRS 501 (c) 6 code from paying federal taxes. The legislation puts the NFL as a non-profit trade association which it has been under since 1942.

This interview was originally published by the Rutherford Institute.

Over a week has passed since the release of the final voting results from last Thursday’s Scottish independence referendum. Upon further analysis, it would appear that (now former) Scottish First Minister Alex Salmond and Yes Scotland may have employed the wrong strategy. What they should have done is insist during pre-referendum negotiations that any unitary council area that voted “Yes” to independence would be permitted to leave the UK.