Mises Wire
Author:
John P. Cochran
Online Publish Date:
Interesting commentary in the Wall Street Journal by Fernández-Villaverde and Ohanian on errors to avoid if the U. S. is to avoid the Eurosclerosis trap (more here and here ) . Many of the factors they list as retarding growth or generating stagnation fit Robert Higgs’s regime uncertainty . Regimes matter. Investment retarding regimes have long