 |
Economist John M. Keynes wrote about the effect of "animal spirits" in respect to the economy. The Economist magazine defines animal spirits this way:
The colorful name that Keynes gave to one of the essential ingredients of economic prosperity: confidence. According to Keynes, animal spirits are a particular sort of confidence, "naive optimism".
One of the best gifts President Obama can give the economy is a confidence boost - an attempt to lift our animal spirits. Will the new President use his gift of rhetoric to inspire hope and confidence?
No comments:
Post a Comment