Is a trillion dollars of immediate aid enough, or do we need two trillion? The smartest people in the world don't agree. Going big feeds the "psychology engine" best. Going smaller and adjusting as needed works too. Best to go big but hold back half until you see what happens.
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I'm making it my job to help you do just that. We'll come out of this stronger if we all agree we will. (Spoiler: We will.) Focus forward. Winning is certain. Timing is anyone's guess.
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There is a reason my economic degree is a BA and not a BS. Because it's so theoretical it's an art
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How does the media fit into this? Can the psychology engine work with a media actively trying to undermine it?
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Yes. You just need better persuaders working toward the good.
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Sounds like rational expectations.
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“if we keep our mind right” i agree, we need CALM rationality and we need to steady our economic system asap
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My Statistics professor called Economics: "Voodoo Statistics"
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Media minds are not right. As Bill Maher said, they will willingly take a recession if it hurts Trump.
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Economic is inextricably linked to psychology, because it deals with how humans behave. And those pesky humans are subject to moods and preferences and propaganda and more. People try to model it is if its meteorology.
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Scott, great thoughts, I will retweet for my own interests and education. We need a few good breaks to abbreviate this calamity. I purposely took a beating on equities out of principle. I am adding to those investments as a pledge to recovery. Sometimes the right decision.
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