It is getting more difficult to do business in the U.S. and more stimulus won't solve the problem, says Niall Ferguson, who's about to release a new book, "The Great Degeneration: How Institutions Decay and Economies Die." To Ferguson's surprise, it's easier to open a company in the U.K. than in the U.S., where it takes 433 days to jump through all the bureaucratic hoops. That's up from 358 in 2006.
It is getting more difficult to do business in the U.S. and more stimulus won't solve the...
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