The power of thought and state-of-mind is both individual and collective. Here Napoleon Hill talks about the power state-of-mind held over an entire nation’s, ultimately an entire world’s, economy.
“As evidence of the collective power state-of-mind has over people, this example is offered–
“The Great Depression started in the United States in 1929, and continued on to an all time record of destruction, until after President Franklin D. Roosevelt took office. Then the depression began to fade into nothingness. Just like in a theatre when the lights are raised so gradually that darkness turns into light before you realize it; the spell of fear in the minds of the people gradually faded away and became faith.
“This same concept has been proven time and again throughout the decades since. Today’s recessions come on more gradually than the Great Depression; any time there is a financial recession, it is directly governed by the attitudes of the people as a whole. When the masses believe the outlook is bleak, they act (financially speaking) accordingly; when they begin to regain hope, the populace spends more freely and the recession recedes again. This is an economic cycle that is repeated over and over, but there is never a single moment experts can point to that signifies the beginning or end of the recession. Instead, the start- and end-points are defined in retrospect.”
State Of Mind Governs The World
Consider this—if this were not the case, if emotion and state-of-mind did not govern national and world economies, economics would be a much more simple and predictable science. The fact that economics is not predictable to exactness proves that thought is a driving factor in wealth creation. This is why we here buzz words like ‘consumer confidence’ when economic predictions are made.
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