Most forecasters think the surprise first-quarter contraction is not a harbinger of another recession, but history suggests caution.

It's often said that small businesses generate the most jobs in the U.S. This is true if one looks at the gross number of jobs. But because small businesses have a high failure rate, they are not the largest producer of jobs at the net level.

The rise in the national debt... is entirely a consequence of the federal government’s increase of expenditures without an offsetting increase in revenues.