Motivated by Newt Gingrich’s assertions – which cast a cloud over private equity operations by characterizing Mitt Romney as a predatory capitalist who destroyed jobs during his tenure at Bain Capital – the chattering classes are playing fast and loose with the facts. If they want the facts, a recently released National Bureau of Economic Research paper authored by Steven J. Davis (University of Chicago), John C. Haltiwanger (University of Maryland), Ron S. Jarmin (U.S. Census Bureau), Josh Lerner (Harvard Business School) and Javier Miranda (U.S. Census Bureau) is just what the Doctor ordered. It’s time for the private equity critics to stop talking and start reading.
Author Steve H. Hanke
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