Editor's Letter: Yielding to uncertainty
Uncertainty stalks the land like a pack of zombies, spooking the housing market, Wall Street, Tiger Woods, even the shortened NFL preseason.
The debt deal is signed, the crisis averted. Soon the sun will break through the “cloud of uncertainty that hangs over our economy,” as President Obama predicted this week. As if, say skeptics on both of his flanks. It’s more likely that the uncertainty created by this partisan battle will roll on, just as our leaders will keep blaming the other side for fearmongering. Months of Tea Party brinksmanship have hobbled job creation, said the president; no, your tax-and-regulate policies are making businesses wary of expanding, said Mitt Romney. This rampant uncertainty has led American corporate leaders to hoard $853 billion, a cash pile they lovingly count like Scrooge McDuck while 25 million Americans search for full-time work. All this uncertainty has become “radioactive,” said Austan Goolsbee, the departing chairman of the president’s Council of Economic Advisers, and “you certainly don’t want to give yourself multiple doses in a short period of time.”
Too late for that, I’m afraid. Uncertainty stalks the land like a pack of zombies, spooking the housing market, Wall Street, Tiger Woods, even the shortened NFL preseason. And the problem is, there’s no escape. Uncertainty is baked in to the structure of the universe. In 1927, physicist Werner Heisenberg found that it is impossible to determine both the location and the momentum of a subatomic particle. He called his theory the uncertainty principle, and it confirms what we’ve long intuited: that we have to live without knowing absolutely everything. And perhaps that’s no bad thing. “Without a measureless and perpetual uncertainty,” Winston Churchill once said, “the drama of human life would be destroyed.” To say nothing of politics.
Robert Love
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
How will the next pope change the Catholic Church?
Talking Points Conclaves can be unpredictable
By Joel Mathis, The Week US
-
Conspiracy theorists circle again following RFK file release
The Explainer Both RFK and his brother, President John F. Kennedy, have been the subjects of conspiracies
By Justin Klawans, The Week US
-
7 equestrian activities for when you feel like horsin' around
The Week Recommends These graceful animals make any experience better
By Catherine Garcia, The Week US
-
Editor's letter
feature
By The Week Staff
-
Editor's letter: Are college athletes employees?
feature The National Labor Relations Board's decision deeming scholarship players “employees” of Northwestern University has many worrying that college sports itself will soon be history.
By The Week Staff
-
Editor's letter
feature
By The Week Staff
-
Editor's letter: When a bot takes your job
feature Now that computers can write news stories, drive cars, and play chess, we’re all in trouble.
By The Week Staff
-
Editor's letter: Electronic cocoons
feature Smartphones have their upside, but city streets are now full of people walking with their heads down.
By The Week Staff
-
Editor's letter: The real cause of income inequality
feature When management and stockholders pocket all the profits, the middle class falls further behind.
By The Week Staff
-
Editor's letter: The real reason you’re so forgetful
feature When you consider how much junk we’ve stored in our brains, it’s no surprise we can’t remember our PINs.
By The Week Staff
-
Editor's letter: Ostentatious politicians
feature The McDonnells’ indictment for corruption speaks volumes about the company elected officials now keep.
By The Week Staff