Regime Uncertainty?

Economics Economics Questions
1

Robert Higgs has argued that one of the factors contributing to the weak economy in the 1930s was regime uncertainty. It seems plausible that this may also be contributing to a slower-than-otherwise economy at the present time. But is there any evidence for it?

2

what kind of evidence are you hoping for?

3

Higgs talks about it in today’s environment here here and here . Here he is on it and the current oil spill. Here is another post that talks about it in today’s environment as well.