Economy

We keep hearing that the private sector is sitting on a large stash of cash instead of investing it. This is why.

"Because entrepreneurs and investors aren't keen to produce and take risks when the president threatens them with higher tax rates, saddles them with crushing regulations, and scolds them for allegedly being selfish, ungrateful, predatory, and (to boot!) not especially important to economic growth anyway, entrepreneurs and investors respond by producing less and taking fewer risks."

Funny how that works.