Monday, April 29, 2013

Uncertainty is killing the US economy

We've spoken in the past about uncertainty and the US economy.  Well, this is pretty clear from Bill McNabb:

"Quite simply, if firms can't see a clear road to economic recovery ahead, they're not going to hire and they're not going to spend. It's what economists call a "deadweight loss"—loss caused by inefficiency.
Today, there is uncertainty about regulatory policy, uncertainty about monetary policy, uncertainty about foreign policy and, most significantly, uncertainty about U.S. fiscal policy and the national debt. Until a sensible plan is created to address the debt, America will not fulfill its economic potential."

Very well said!  Click here for the Sunday show:


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