Mises Daily
Author:
Robert Higgs
Online Publish Date:
[Excerpted from “Regime Uncertainty,” The Independent Review 1 (4), Spring 1997.] Despite the encroachments of taxation, regulation, and other government action at all levels that had been occurring for half a century or more (Hughes 1991, pp. 92–135; Higgs 1987, pp. 77–167; Keller 1990), as late as 1932 businesspeople in general and investors