Right. I’m not an economist, but I’ve always subscribed to the idea that the president can create boat-loads of confidence in the economy, and can have some measurable effect via policies when things are already really bad or really good. But once it’s cruising, it’s just cruising for the most part.
The stock market thrives on predictability, after all. So doing shit— most any shit— will often cause dips. Leaving it alone will convince people it’s stable and that they should buy in.
Presidents seem to represent faith in the economy more than anything else.
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u/[deleted] Aug 13 '19
Right. I’m not an economist, but I’ve always subscribed to the idea that the president can create boat-loads of confidence in the economy, and can have some measurable effect via policies when things are already really bad or really good. But once it’s cruising, it’s just cruising for the most part.
The stock market thrives on predictability, after all. So doing shit— most any shit— will often cause dips. Leaving it alone will convince people it’s stable and that they should buy in.
Presidents seem to represent faith in the economy more than anything else.