Risk Takers Are the Solution

There is no reward without risk; and there is no economic growth without risk takers (investors and entrepreneurs) receiving their due reward. It is the entrepreneur working with the investor, not the government bureaucrat, who will save America from its economic malaise. That is the central contention of Edward Conard’s “Unintended Consequences: Why Everything You’ve Been Told About the Economy is Wrong.” And Mr. Conard, a former managing director at Bain Capital from 1993 to 2007 and a Romney donor, has begun a necessary national conversation by focusing principally on what really happened to the American economy.