It’s one of the trickiest chicken-and-egg problems in the world. A good economy relies on confidence, and confidence relies on a good economy. In a very real way, confidence is the economy. How can we get back to a good economy if doing so requires confidence that the bad economy is preventing us from having?
You may not be surprised to hear that I have a modest suggestion: lie. I wrote once before that pretend confidence can lead to real confidence, and I don’t see why this situation is any different.
Starting immediately, work some offhand comments into your everyday conversation, to the effect that the economy is finally picking up steam. Mention, for instance, that you noticed a couple of long-empty office buildings have been leased, or that some unemployed Facebook friends finally found jobs just recently, or that you read somewhere that now’s the time to get that fancy new TV because sales are finally ramping up again and those big manufacturer discounts will be coming to an end. It won’t take much, because people are starving for good economic news and will devour morsels like these. And don’t worry that they’re not true. If enough of us start implementing this idea, pretty soon they will be.