Uncertainty: Friend Of The President, Enemy of Businesses and Consumers

Gone are the animal spirits rampaging to Make America Great Again. In comes that new bugaboo, “uncertainty”, the lethal scourge of those spirits.

“Economic prosperity is excessively dependent on a political and social atmosphere which is congenial to the average businessman”, wrote John Maynard Keynes not quite 90 years ago, while explaining the importan…