So, That's How the Jake Sullivan Intruder Snuck By the Secret Service
If Joe’s a No-Go, Then Who?
Why Does Our Misery Surprise Us?
The Mainstream Media Threatens American Democracy
Millennials Are Starting to Shift to the Right
Conservatives Are Winning In the Boycott Against Woke Companies
18 States Sue Biden As Illegal Aliens Enter the U.S., Reaping the Benefits...
Biden Signs Debt Ceiling Bill, Avoids Default By Two Days
DeSantis Responds to Heckler In Best Way Possible
Biden Lies Several Times While 'Celebrating' a 'Crisis Averted' Situation In Debt Ceiling...
Some Transgender People Are Crowdfunding to Leave the State of Florida
Brace for Impact: DOE Is About to Unleash Sexual Assault on Girls and...
Pride Month and Why Schools Are Sexualizing Children
Abortion and the Question of a Higher Law
A Bad Start For Pride Month

Is Uncertainty Causing High Unemployment

The opinions expressed by columnists are their own and do not necessarily represent the views of

In speaking with various business owners the word that I hear most often to explain why the economy remains so stagnant is "uncertainty."  Dr. Sanjai Bhagat, Provost Finance Professor at the University of Colorado and Contributing Editor for A Line of, has extensively studied this this issue.  He presented his findings last week in Washington, DC at a special event sponsored by the American Enterprise Institute.  Following is a video link to the entire presentation and an brief post-event summary by AEI.  Also provided is a link to his research document.

"What is causing continued slow economic growth and high unemployment in America? On Friday at AEI, Sanjai Bhagat of the University of Colorado at Boulder discussed his research exploring the correlation between job losses and persistent unemployment. Bhagat began with a presentation of the paper he co-wrote with Iulian Obreja. Noting historically high cash flows and recent capital injections from the U.S. Federal Reserve, Bhagat suggested that capital shortfall cannot explain America's currently weak economic recovery. Instead, Bhagat asserted that high business uncertainty results in a significant reduction in job creation and investment."

Employment Uncertainty Policy Paper, Bhagat-Obreja, pdf 

Join the conversation as a VIP Member


Trending on Townhall Video