Author Topic: Animal Spirits Of The National Economy  (Read 357 times)

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Travis Patron

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Animal Spirits Of The National Economy
« on: July 25, 2016, 09:33:15 AM »
"Animal spirits is the term John Maynard Keynes used in his 1936 book The General Theory of Employment, Interest and Money to describe the instincts, proclivities and emotions that ostensibly influence and guide human behavior, and which can be measured in terms of, for example, consumer confidence."


When a currency loses its trust, it loses its value. When people do not trust something, it inherently loses its perceived value from that person and indirectly, the value attributed to everyone else. Therefore, when people come to mistrust a currency, the financial system which it gives life to, is in risk of collapse. When the citizens of any nation no longer have reason to trust the issuing authority the animal spirit dies.
« Last Edit: July 25, 2016, 09:34:53 AM by Travis Patron »