One of the biggest problems is that unstable, capricious, and arbitrary government makes it impossible for businesses and individuals to plan for the future. This is a hallmark of totalitarian regimes and, most unfortunately, our government now has those characteristics. Just look at how Biden undid everything Trump did in his four years just out of evil spite.
This needs to be looked at more seriously as a basic reason why supply doesn’t increase.
An aside...people who write these types of articles display their economic ignorance when they fail to understand the difference between supply and demand curves and the QUANTITY demanded or QUANTITY supplied. My engineering economics prof in engineering school drilled that into our heads.
And, of course, apart from our economy, there are world wide political repercussions to this kind of short-term madness.
Why start a restaurant when the CDC will shut it down?
Why start a cell-phone dealership when #BLM and Antifa will loot and burn it to the ground.
Why come up with a new lawn gizmo that California already has plans to make illegal?
We must have had the same professor, or at least one from the same school of reasoning.
One of the biggest problems is that unstable, capricious, and arbitrary government makes it impossible for businesses and individuals to plan for the futureIndeed. Perhaps the greatest economic achievement of the American republic and its rule of law is the ability to measure corporate value over time.