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Economic Policy Uncertainty

jimtimmy
Posts: 3,953
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10/9/2011 3:07:04 PM
Posted: 5 years ago
It hurts growth substantially. Businesses are uncertain about what action government will take next, and this lowers GDP and Job Growth. Uncertainty is at a higher level than ever... Look at this:

http://faculty.chicagobooth.edu...
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darkkermit
Posts: 11,204
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10/9/2011 3:36:25 PM
Posted: 5 years ago
"The future's uncertain, our outlooks are frail. Thats why free markets are so prone to fail. In a volatile world we need more discretion. So state intervention can counter depression" - Keynes/Hayek Rap.
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jimtimmy
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10/9/2011 5:04:52 PM
Posted: 5 years ago
At 10/9/2011 3:36:25 PM, darkkermit wrote:
"The future's uncertain, our outlooks are frail. Thats why free markets are so prone to fail. In a volatile world we need more discretion. So state intervention can counter depression" - Keynes/Hayek Rap.

This is about Government POLICY Uncertainty
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darkkermit
Posts: 11,204
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10/9/2011 5:11:10 PM
Posted: 5 years ago
At 10/9/2011 5:04:52 PM, jimtimmy wrote:
At 10/9/2011 3:36:25 PM, darkkermit wrote:
"The future's uncertain, our outlooks are frail. Thats why free markets are so prone to fail. In a volatile world we need more discretion. So state intervention can counter depression" - Keynes/Hayek Rap.

This is about Government POLICY Uncertainty

I know, I was just mocking your 100% free market philosophy. You like data, what time periods had the greatest uncertainty due to sharp changes in the inflation/deflation cycles, before federal reserve. When did it stabilize, after the Fed:

http://en.wikipedia.org...
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