The One Thing Congress Can Do to Help the Markets

Amity Shlaes:

The bottom line is very simple: The best thing Congress can do to help the markets is nothing at all. There are signs that even the Republicans, the party of "less government," have yet to fully internalize this concept. Presidential candidate Mitt Romney has lately been ripping President Barack Obama for taking a 10-day holiday on Martha's Vineyard; he argues that Obama should abort his holiday and hurry back to the Oval Office.

But the Congressional Effect theory suggests Obama is right to enjoy his island stay, and might even lengthen it...