by Robert Maynard
Some free market thinkers see doom ahead for our economy when they consider the avalanche of taxes and regulation being foisted on us by both the federal and state governments. While acknowledging these problems, every once in a while it is useful to note that freedom and innovation have a tendency to find a way despite the prevalence of policies, which serve to strangle these drives. This brings to mind the following quote from Adam Smith’s “Inquiry Into the Wealth of Nations”:
The natural effort of every individual to better his own condition, when suffered to exert itself with freedom and security is so powerful a principle that it is alone, and without any assistance, not only capable of carrying on the society to wealth and prosperity, but of surmounting a hundred impertinent obstructions with which the folly of human laws too often incumbers its operations; though the effect of these obstructions is always more or less either to encroach upon its freedom, or to diminish its security.
It is in that spirit that this edition of True North Reports would like to salute the efforts of a a Williston company, which has positioned itself at the forefront of innovation. The company’s name is MBF Bioscience and their story is presented in this Burlington Free Press article. MBF is one of a number of small startups that continue to push innovation forward:
Jack Glaser of MBF Bioscience in Williston was in rarefied company earlier this month as he sat in the White House, waiting to receive a Tibbetts Award from Karen Mills, administrator of the U.S. Small Business Administration.
One of the pioneers of laser eye surgery was sitting next to him, Glaser said, along with a founder of Biogen-Idec, a $10 billion pharmaceutical company that began as a small startup.