August 8, 2013
Uncertainty Isn’t Killing the Recovery

Sorry, Ben Franklin, but it turns out there are actually three certainties in this world: death, taxes, and Serious People blaming a bad economy on uncertainty.
Big businesses like to complain. Sometimes, they complain about taxes. Sometimes, they complain about rules. But mostly, they like to complain about uncertainty. More clarity about future taxes and regulations might make some businesses more likely to invest. But there is little reason to think that too little clarity is what’s keeping them from investing today.
Read more. [Image: Reuters]

Uncertainty Isn’t Killing the Recovery

Sorry, Ben Franklin, but it turns out there are actually three certainties in this world: death, taxes, and Serious People blaming a bad economy on uncertainty.

Big businesses like to complain. Sometimes, they complain about taxes. Sometimes, they complain about rules. But mostly, they like to complain about uncertainty. More clarity about future taxes and regulations might make some businesses more likely to invest. But there is little reason to think that too little clarity is what’s keeping them from investing today.

Read more. [Image: Reuters]

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    "Uncertainty" was never the problem with the economic recovery. Lack of demand, because people by and large don’t have...
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