Wednesday, August 25, 2010

Quote of the Day

John Stossel, writing for RealClearPolitics, about why businesses won't hire additional workers as the economy technically recovers from a recession:
Nothing more effectively freezes business in place than what economist and historian Robert Higgs calls "regime uncertainty."
I like that phrase, "regime uncertainty." In other words, all the uncertainty surrounding taxes, health care regulations, and financial regulations - every one of them government-driven and every one of them still up in the air.