Once policymakers have dug a deep hole, there is no magic bullet to climb out; the single most important thing government can do is create confidence about the future, but confidence is the one thing economists, psychologists, and policymakers understand very little about—and issuing a new plan every week undermines the ability to plan, as does tax-environment uncertainty.

normativepending

Speaker

Larry White

Evidence Quote

the single obvious thing the government needs to do is to create more confidence about the future and that's the one thing that economists psychologists and policymakers know very little about

Source

Larry White on Hayek and Money 02/01/2010EconTalk
Created: 6/17/2026, 10:31:20 AM

My Notes

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