August 25, 2010

JOHN STOSSEL: Where Are The New Jobs? “The problem today is that the economy is not being left alone. Instead, it is haunted by uncertainty on a hundred fronts. When rules are unintelligible and unpredictable, when new workers are potential threats because of Labor Department regulations, businesses have little confidence to hire. President Obama’s vaunted legislative record not only left entrepreneurs with the burden of bigger government, it also makes it impossible for them to accurately estimate the new burden. . . . Nothing more effectively freezes business in place than what economist and historian Robert Higgs calls ‘regime uncertainty.'”

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