Five years after its bust and partial recovery, real net private business investment in 2012 remained 41 percent below its previous peak. This weakness plays a central role in the slow recovery in output and even slower recovery in employment.
|Other Independent Review articles by Robert Higgs|
|Winter 2016||Ludwig von Mises and Dietrich von Hildebrand: Some Remarkable Parallels|
|Fall 2015||How Big Is Government in the United States?|
|Summer 2015||Gross Domestic Productan Index of Economic Welfare or a Meaningless Metric?|
|[View All (52)]|