Over at the Washington Post, Brad Blumer writes about something I've noted here frequently in the past: That new businesses, not small businesses, are the true job creation engine in the U.S.

So how does this country do on new business formation?

Not so good. Bumer cites a study that says we rank 23rd among developed countries, behind the likes of "countries like New Zealand, Iceland, the United Kingdom, Canada, Sweden and Norway. But we're also, a little unexpectedly, lagging behind countries like Hungary and Slovenia."

How could this be?