When it comes to economic recovery, the coronavirus remains the main enemy. But not far behind is the insidious force of simple uncertainty. Nobel Prize winner Paul Romer has some thoughts about how to deal with it.
When it comes to economic recovery, the coronavirus remains Public Enemy No. 1. But not far behind is an equally insidious force: uncertainty.
In conversations with business leaders in recent days, it’s clear that simple uncertainty, as much as any particular policy or public-health imperative, is holding back the economy. Here are the kinds of questions they are asking: Are consumers ready to venture out in force even if they are free to do so? How does a big business navigate a patchwork of different state and local reopening...
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