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Why Uncertainty Freezes Investment—and Tanks the Economy | Justin Wolfers
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Why do economists obsess over uncertainty? Because waiting is easy. If the news might clear soon, firms delay big irreversible decisions. Multiply that across the economy and growth softens.
About Justin Wolfers
Justin James Michael Wolfers (born December 11, 1972) is an Australian-American economist and public policy scholar. He is professor of economics and public policy at the Gerald R. Ford School of Public Policy at the University of Michigan, and a senior fellow at the Peterson Institute for International Economics.
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