It's All About Faith

Market Economics preaches the power of self-interest. The market will regulate as producers and consumers pursue their own interests and again convene at equilibrium. The problem is that it doesn't happen over night. At this moment, the natural tendency is to pull in the reigns on spending. The uncertain future demands that we wait on the sidelines until circumstances become more predictable. Unfortunately, that's the worse medicine for the economy as a whole. Consumers comprise 70% of the spending in this nation, so we have the power to move the globe or bring it to its knees. Very few of us have the resources to throw caution to the wind and spend for the good of the planet. It's at times like these that government intervention is the only answer. Apparently, the federal government fashions itself as a bottomless well and as long as the world accepts our debt instruments as the safest investment around, I guess it will continue to feel that way. The Feds have to create jobs, jobs generate wealth, wealth will spark confidence, confidence will define risk levels, risk taking will prompt investment. But it starts with faith.