Tuesday, September 14, 2010

Would a political stalemate lead to a rebuilt economy?

This article presents a theory of purely open and free markets. It says nothing about Democrats or Republicans having a better strategy to rebuild the economy or stock market, but rather implies that with a split Congress, little to no regulations will get passed, therefore freeing businesses from "regulatory uncertainty". This theory is one of pure laissez-faire economics, in practice though not by definition; stumbled upon by political coincidence.

Bill Clinton, president during one of the best economic stretches in US history (certainly modern) is referenced in the article- how he essentially "let the government shut down in response to the Republican stalemate."

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