Yes Virginia, Regime Uncertainty Does Harm Economic Growth

by Pejman Yousefzadeh on October 9, 2011

The latest data in support of the proposition can be found here. Expect Robert Higgs to be denounced as both stupid and evil by the likes of Paul Krugman, who does not want to have to deal with any inconvenient facts that might disturb his worldview.

(Thanks to Don Boudreaux for the pointer.)

  • Anonymous

    I vaguely remember Thomas Sowell stating that for a thriving economy the rules of commerce must be both fair and predictable. Wish I could remember the source.  – his elaboration on the subject would be worthwhile.

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