Recession is the Mother of Invention

Posted: June 2nd, 2009 by Militant Libertarian

Proctor & Gamble, Hewlett-Packard, Burger King, General Electric, Walt Disney Corporation, Microsoft along with electric razors, tampax, car radios, Chocolate Chip cookies, and Xerox machines have two things in common.

They were all created or invented during a recession or depression. In fact, over half of the companies listed on the Dow Jones Industrial Average were formed during a recession or depression.

The other commonality is not a one was conceived by a politician or bureaucrat, nor were they the product of any tax credits, subsidies or other governmental help.

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