Red tape weakens investors’ ‘animal spirits’
Initiative Matters: Report finds New Zealand’s regulatory regime extraordinarily restrictive.
In 1936, the father of Keynesian economics, John Maynard Keynes, used the term ‘animal spirits’ to refer to the fluctuating human emotions that can drive economic decisions in stressful times.
Today the term is most often found in the context of investors’ decisions. Reduced confidence in
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Red tape weakens investors’ ‘animal spirits’
Opinion,Columns,
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