U.S. welfare laws impede entrepreneurship, Nobel Prize winner says

04/7/2010 | Bloomberg Businessweek

Muhammad Yunus has expanded his Grameen Bank from Bangladesh, where it won him a Nobel Prize, to the U.S., where he gives loans to small-business entrepreneurs, many of them women. He says welfare laws in the U.S. penalize Americans who try to open businesses by withdrawing their benefits too early and that these laws should be amended to allow payments to support small-business owners in the early days of growing their businesses.

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