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The Self Fullfilling Prophesy of Zero Leadership

Dec 20th, 2012
by Matt.
1 comment

Does hysteria breed hysteria? I think that is the message of Professor Larry Kotlikoff;s article at VOX. Imagine that you are an employer. Every day you hear, “the economy’s going over a fiscal cliff. Tax hikes and spending cuts totalling $600 billion will kill the economy”. Everyone is saying it – the politicians, the media, the economists, the Fed, the CBO, the IMF. So it must be true. Sure, the Republicans and Democrats may make a deal and save the day. But these guys never agree and, meanwhile, economic doomsday – January 1st – is just weeks away. What do [...]

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