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Thoughtful commentators agree (as noted in June) that the innovation economy requires two things: Growth oriented policies – low tax rates, transparent and efficient government – and An opportunity platform that includes effective education and health services and efficient energy and transportation infrastructure.

You could probably add culture of confidence to round out the innovation formula: opportunity, incentive, and culture.

We need everyone starting something! Therefore, we should aspire to be the world’s best launching pad because our workforce is so productive; our markets the freest and most trusted; our infrastructure and Internet bandwidth the most advanced; our openness to foreign talent second to none; our funding for basic research the most generous; our rule of law, patent protection and investment-friendly tax code the envy of the world; our education system unrivaled; our currency and interest rates the most stable; our environment the most pristine; our health care system the most efficient; and our energy supplies the most secure, clean, and cost-effective.