America’s long-standing political conflicts increasingly carry an economic cost that is rarely discussed. Research on economic policy uncertainty suggests that sustained political instability can readily reduce national economic output by 1–2 percent or more of GDP through reduced investment, hiring delays, and lower productivity. In an economy the size of...
America’s long-standing political conflicts increasingly carry an economic cost that is rarely discussed. Research on economic policy uncertainty suggests that sustained political instability can readily reduce national economic output by 1–2 percent or more of GDP through reduced investment, hiring delays, and lower productivity. In an economy the size of…
