This webinar will consider why the current recovery is proceeding so slowly, if at all. It will approach this question by comparing the current situation with the incomplete recovery from the Great Depression that occurred between 1933 and 1939. Before 1929, in U.S. history, absent extensive government intervention in the market system, business-cycle recoveries normally occurred within a year or two. Slow recovery, ironically, has been associated with extensive government efforts to bring about or speed recovery. The webinar will consider various ways in which the Hoover and Roosevelt administrations and the Bush and Obama administrations impeded a rapid, complete recovery from a business bust. Special attention will be given to how “do something” governments can create “regime uncertainty”―pervasive, serious apprehension about the security of private property rights―which causes private investors and business people to refrain from the long-term investment and the hiring of full-time, permanent employees that are necessary for normal recovery and sustained economic growth.
Source link: http://archive.mises.org/18429/robert-higgs-webinar-on-the-current-recession-tomorrow-at-6pm-est/