{"id":34809,"date":"2018-01-11T01:00:53","date_gmt":"2018-01-11T06:00:53","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=34809"},"modified":"2017-12-22T09:01:16","modified_gmt":"2017-12-22T14:01:16","slug":"qotd-regime-uncertainty","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2018\/01\/11\/qotd-regime-uncertainty\/","title":{"rendered":"QotD: Regime uncertainty"},"content":{"rendered":"<blockquote><p>Washington\u2019s destructive policies have been dubbed &#8220;regime uncertainty&#8221; in a strand of innovative analyses pioneered by Robert Higgs of the Independent Institute. Regime uncertainty relates to the likelihood that an investor\u2019s private property &mdash; namely, the flows of income and services it yields &mdash; will be attenuated by government action. As regime uncertainty is elevated, private investment is notched down from where it would have been. This can result in a business-cycle bust and even economic stagnation. I recommend Higgs\u2019 most recent book for evidence on the negative effects of regime uncertainty: Robert Higgs. <em>Taking a Stand: Reflections on Life Liberty, and the Economy<\/em>. Oakland, CA: The Independent Institute, 2015. <\/p>\n<p>Steve Hanke, <a href=\"http:\/\/www.huffingtonpost.com\/steve-h-hanke\/whats-killing-us-growth_b_9673738.html\" target=\"_blank\">&#8220;What\u2019s Killing U.S. Growth?&#8221;, <em>Huffington Post<\/em><\/a>, 2016-04-12.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Washington\u2019s destructive policies have been dubbed &#8220;regime uncertainty&#8221; in a strand of innovative analyses pioneered by Robert Higgs of the Independent Institute. Regime uncertainty relates to the likelihood that an investor\u2019s private property &mdash; namely, the flows of income and services it yields &mdash; will be attenuated by government action. As regime uncertainty is elevated, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,25,84,41],"tags":[1026,661,359],"class_list":["post-34809","post","type-post","status-publish","format-standard","hentry","category-books","category-economics","category-government","category-quotations","tag-microeconomics","tag-regulation","tag-uncertainty"],"jetpack_featured_media_url":"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2016\/06\/favicon.png","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-93r","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/34809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=34809"}],"version-history":[{"count":1,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/34809\/revisions"}],"predecessor-version":[{"id":34810,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/34809\/revisions\/34810"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media\/35193"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=34809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=34809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=34809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}