The Impact of Fiscal Uncertainty

From Harvard economist Greg Mankiw, commenting about Bob Woodward’s story on the Obama white house:

“…if Woodward is right that the uncertainty we now face with the upcoming “fiscal cliff” is attributable mostly to the inability of Barack Obama to work with Congress, then the implication is clear: The meagerness of this recovery is not simply a hangover from a financial crisis, but rather a reflection of a fundamental political failure.  The price of politics, indeed.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.