Speech

Random refereeing: how uncertainty hinders economic growth (with reference to lucky puppies, pepper...and salt, Lawrence Summers and Thomas Jefferson)

Abstract: Remarks before the Greater San Antonio Chamber of Commerce, San Antonio, Texas, July 29, 2010 ; \"In whatever realm and whatever form, excessive uncertainty is the enemy of economic growth. As Ben Bernanke wrote in 1980, the 'resolution of uncertainty' can lead to '[a business] investment boom.' It follows, then, that if and as regulators and legislators provide more clarity, a major roadblock to economic growth will be removed.\"

Keywords: economic conditions - United States; Regulation; Uncertainty; Fiscal policy - United States; Financial services industry - Law and legislation;

Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Speeches and Essays

Publication Date: 2010

Number: 63