“There has not been one instance in history where active monetary management has advanced an economy.” So goes the bold claim in the new book by Steve Forbes and Elizabeth Ames, Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It.
Tax inversions can result in a greater flow of income into the United States. A company such as Medtronic, which is in the process of inverting , can expand its American operations at lower cost than can its competitors.
The U.S. initial public offering market is back. What has not recovered, however, is the number of new and smaller companies going public. Of the 165 IPOs so far this year, less than 7 percent were valued below $50 million.