| There's a reason that financial crises were once referred to as panics. Because such crises - including market crashes, bank runs, and sudden economic contractions - are most often the result of fear. Fear among consumers, businesspeople, or investors - or all three. Once these various economic actors begin to fear about the future, they alter their behavior... Consumers stop dining out and purchasing things, business managers stop hiring and investing in their operations, and investors sell assets. Those consequences are all to be avoided if you're a policy maker. Instead, one of your top priorities is to inspire confidence in the future and steer clear of policies that create fear about what the future holds. That doesn't seem to be the case right now. Here's the evidence... | 
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