Uncertainty and the Slow Recovery, from Art Cooper
An outstanding Op-Ed piece titled "Uncertainty and the Slow Recovery" by Becker, Davis & Murphy, in today's WSJ, argues that political/economic uncertainty is a major cause of the slow rate of recovery from the Great Recession. This is highly reminiscent of the prolonging effect of the New Deal on the Great Depression, when business uncertainty resulting from seemingly arbitrary government action caused economic malaise to linger for years.