There is much that public policy can do to support American entrepreneurs. Health insurance reform will make it easier for entrepreneurs to take a chance on a new business without putting their family's health at risk. Tort reform will make it easier to take prudent risks on new products in a number of sectors.

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Never in our country's history have we witnessed a natural disaster that has impacted so many people in such a wide area. In fact as of the writing of this column millions of people along the Gulf Coast have been displaced from their homes in a period of only five days.