Notwithstanding a dysfunctional Congress, the private sector will increasingly convert a paralyzing uncertainty premium, which impedes much investment, into a less disruptive risk premium. But, without a short-term economic turbo-charger, the recovery in growth and jobs will remain gradual, vulnerable to political and policy risks, and disproportionately beneficial to those with favorable initial endowments of wealth and globalized talents.
我们应该期望像美国这样的国家从动态的自下而上创业精神和传统经济周期性愈合中受益。尽管国会功能失调，私营部门将会逐渐将一个瘫痪不确定的溢价——这妨碍了很多投资——转化成一种破坏性更小的风险溢价。然而，如果没有一个短期的经济增压器，经济增长和工作的复苏将会较为缓慢而且极易受到政治和政策的风险影响，并会过度有利于那些拥有良好初始财富资源和全球化人才的国家。