All Commentary
Thursday, October 21, 2010

Economy Plodding Along, Fed Says

“The nation’s economy grew modestly in recent weeks, with nine of 12 districts expanding, according to a Federal Reserve report released Wednesday…. Overall, the survey portrayed an economy that continued to plod along in September and early October — after expanding fairly robustly early this year — as many nervous businesses put off capital investment and hiring.” (USA Today)

Uncertainty about what government will do next discourages activity.

FEE Timely Classic
“Economic Freedom and Economic Growth” by Randall G. Holcombe