Virginia finance professor on the hidden, long-term costs of a government shutdown

There are obvious economic impacts that come with a government shutdown. Everything from local businesses to the travel industry face uncertainty amid the lapse in funding .

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But what about the less obvious, long-term economic impacts? That’s what Christoph Herpfer, assistant professor of finance at University of Virginia’s Darden School of Business, is trying to make clear in a recent report .

“Underneath the surface, there’s a much bigger thing going on that costs the government and the taxpayer, by extension, a lot more money in the long r