In many ways, economics is a mind game.
What makes someone decide to buy something is the confidence that opportunity cost won't bite them in the ass and make them wish they'd saved the money.
It's a mental exercise.
At least for things with elastic demand.
If people believe the economy is going to get better, it tends to.
Note that this is distinct from hoping the economy gets better.
If the election of Mr Trump restores that confidence and belief, we could easily avoid the dire predictions of economic collapse.
That Mr Obama's presidency was unable to restore that confidence, shows that most people who make spending decisions were seeing through the official lies published to make the world seem rosier than it was.
But an honest assessment of how bad it is, with an outline of a workable plan to dig out can make things better and faster than hiding from reality.
What makes someone decide to buy something is the confidence that opportunity cost won't bite them in the ass and make them wish they'd saved the money.
It's a mental exercise.
At least for things with elastic demand.
If people believe the economy is going to get better, it tends to.
Note that this is distinct from hoping the economy gets better.
If the election of Mr Trump restores that confidence and belief, we could easily avoid the dire predictions of economic collapse.
That Mr Obama's presidency was unable to restore that confidence, shows that most people who make spending decisions were seeing through the official lies published to make the world seem rosier than it was.
But an honest assessment of how bad it is, with an outline of a workable plan to dig out can make things better and faster than hiding from reality.