In a previous post, I compared the “ultra liberal Paul Krugmanesque” view of the current economic turmoil of the United States (I am using hyperboles to caricature positions, I don’t think Paul Krugman didn’t deserve his Nobel prize) with the “evil republican view” and I erred that the latter had stronger grounds on which to stand on. This generated some discussion from colleagues of mine and I would like to reignite the issue by posting this graph found via the Wall Street Journal which considers the number of regulation in the United States costing more than 100 millions $ per year. I believe it does reinforce the idea that regulatory uncertainty might be playing a role in prolonging the current economic downturn as it did during the Great Depression.
Vincent Geloso 