Quote for the Week, August 12-18, 2012

"The longer Congress continues to dither, the greater the likelihood of cascading structural impediments to growth and job creation. This can be seen in how much harder it is for those who are struggling to maintain even routine activities, while those who are substantially better off have become way too cautious, preferring to self-insure by holding large balances of cash rather than hiring and reinvesting in plants and equipment."

--Mohamed A. El-Erian, in a Washington Post op-ed