A lot of economic policy, particular as transmuted through politics, is more about psychology than money: "confidence" being a prerequisite for a robust economy. That's why Hoover & other presidents (notably Trump) so easily fall for mind-cures & "positive thinking"
-
-
Show this thread
-
The underlying logic of Trump's response to the pandemic has been a "positive thinking" approach governed by a fixation on the economy, narrowly viewed through prism of stock market. Trump has staked his political success on stock market & that can't be allowed to fall.
Show this thread -
The "positive thinking" angle is key. The author of The Power of Positive Thinking (1952) was Norman Vincent Peale, pastor of Trump's family church, where Trump's first marriage was held. https://www.politico.com/magazine/story/2015/10/donald-trump-2016-norman-vincent-peale-213220 …
Show this thread
End of conversation
New conversation -
-
-
Wow. Thank you for sharing.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
I always thought the branding of the financial crisis as The Great Recession was a turn of phrase to put a relatively less-dire face on what it was and has been historically speaking - a depression.
-

Considering that "the Great Recession" comes off as profoundly sarcastic, this branding is either a Heroic Failure (to borrow from Stephen Pile's* book), or a Secret Success (to borrow from an Onion cult movie ranking system). - Show replies
New conversation -
-
-
Idc about all the revisionist opinions of Hofstadter now, I fucking love that book
-
It's his one great book. The other stuff is problematic.
- Show replies
New conversation -
-
-
And yet the crisis continued right up until the start of World War II
-
This Tweet is unavailable.
- Show replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.