Why the Government’s Attempt to Instill False Confidence Will Backfire
09/05/2009 § Leave a comment
The government is doing its best to try to "restore confidence" in the economy. Indeed, Obama’s top economics advisors believe they can fool people into believing that everything is fine, and then the economy will recover.
And for that reason, defenders of the status quo think that it is important for everyone to keep quiet about how severe the crisis really is.
Are they right?