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.
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: