I am a rapid-cycling manic-depressive, bi-polar one disorder, which means I can have thirty or forty episodes a year, and I used to have thirty to forty episodes a year.
If the brain expects that a treatment will work, it sends healing chemicals into the bloodstream, which facilitates that. And the opposite is equally true and equally powerful: When the brain expects that a therapy will not work, it doesn't. It's called the 'nocebo' effect.
The most effective way to shake an economy out of a terrible downturn when we're at the zero lower bound is an aggressive change in policy that makes people wake up, say 'this is a new day' and change their expectations.
For un-subscribe please check the mail footer.