John F Kennedy’s said in his 1961 presidential inaugural speech: “Ask not what your country can do for you – ask what you can do for your country.”
At that time, he urged every American to contribute in some way to the public good. Our job today is to try and do our part to revive our economies. Some of us might ask – and rightly so – what mere mortals like us can do that could possibly make a difference.
It’s true. As individuals our contribution is limited. But as a collective, our contributions could be immense. Let’s not forget that together we drive household consumption, which is one of the most powerful levers of economic growth.
Worryingly, many of us are reluctant to spend. And whilst that is understandable, it is also irrational. In a recent commentary on CNA, I pointed out that governments, central banks and even the private sector...