So it's been a while, but times have been crazy. I've been spending more than 2 hours every day just trying to stay up on the current issues in the economy so I can answer the questions from my students and colleagues.
And there's a lot I could say.
But I won't, at least not right now.
Well, perhaps I'll say something.
In economics there is this concept called "regime uncertainty". Basically, the idea is that investors and businessmen will be less willing to take an active role in the economy if they have uncertainty about the future "regime". In the US this translates into "wow, the .gov just passed a $700B spending bill that tremendously expands federal power. I wonder how this will effect the future of business in the United States?"
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