Stephens Inc. CEO Warren Stephens went on the Wall Street Journal’s opinion TV segment today to talk about the state of the economy (“sluggish”) and his ideas to improve things. He says many industries have cash for investment but are reluctant to spend it because of concerns about “the regulatory environment,” the cost of health care and the prospect of a tax increase.

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He said the “massive Keynesian experiment just hasn’t worked.” (Paul Krugman says it hasn’t been massive enough.)

Increasing taxes on billionaires, he commented, “Is just not a good idea.”

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