The Economic Consequences of the Obama Reelection: How Stagnation Has Vanquished Growth

• Autores: Richard A. Epstein
• Localización: Southern Economic Journal, ISSN 0038-4038, ISSN-e 2325-8012, Vol. 80, Nº. 2, 2013, págs. 282-298
• Idioma: inglés
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• Resumen

  • The stagnation of the American economy during the past decade is attributable to faulty policies at both the macro and micro level. The efforts to organize stimulus programs and manipulation tax rates create uncertainties that offset any supposed gains from Keynesian policies. At the same time, the failure to address major structural flaws in labor, real estate, free trade and positive rights have resulted in cumulative dislocations that require a shrinkage of government across the board to facilitate any reversal of economic fortune.