Forgot fiscal reform...
Forgot overhauling the banking system...
Forget the principles of macro economics....
I'm not suggesting anything about positive thinking and other mumbo jumbo. In any case it was to much positive thinking that lead to this crisis, wishful thinking even.
But the problem is negative thinking and there's far too much of it at the moment. Many people for whom nothing has actually changed are now not spending money because of this recession. As a result the economy is slowing. Consumer confidence is as much a problem as anything else. We also have our friend deciding not to pursue a career as a pilot because he believes the oil will run out and climate change will stop people flying. It all becomes self fulfilling in the end.