The best sign of the long-range growth of the economy is the birth rate of new businesses. Last week there was plenty of evidence that the rate was the highest in U.S. history. Dun & Bradstreet reported that in August establishment of new business incorporations rose to 14,329 from 12,234 a year earlier. For the first eight months of 1959, new incorporations amounted to 133,891, almost a third ahead of the comparable period of 1958.
Even more of an upsurge was shown by the birth rate of all new business, both incorporated and unincorporated. In the first six months of the year,...
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