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

Author

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  • Richard W. Fisher

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.\"

Suggested Citation

  • Richard W. Fisher, 2010. "Random refereeing: how uncertainty hinders economic growth (with reference to lucky puppies, pepper...and salt, Lawrence Summers and Thomas Jefferson)," Speeches and Essays 63, Federal Reserve Bank of Dallas.
    • Handle: RePEc:fip:feddsp:63
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    File URL: http://dallasfed.org/news/speeches/fisher/2010/fs100729.cfm
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