Pirrong on Regime Uncertainty

12 September 2011 at 10:18 am 1 comment

| Peter Klein |

A nice post from former guest blogger Craig Pirrong on regime uncertainty and its role in hampering economic recovery. As Craig points out, it’s not the level of government intervention per se that delays investment, but uncertainty about anticipated changes in government intervention. Options theory provides a useful way to see this.

Bob Higgs approves. And here are Craig’s old O&M posts.

Entry filed under: - Klein -, Bailout / Financial Crisis, Former Guest Bloggers, Myths and Realities, Public Policy / Political Economy.

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