Social Mood Conference | Socionomics Foundation

September 10, 2012

We like to drive faster when we’re feeling optimistic and slower when we’re pessimistic. Maybe it’s the waxing and waning of the “animal spirits” we hear about in the stock market. Speaking of which, stocks just hit four-year highs, and Texas raised the speed limit on one of its toll roads to 85 miles an hour, the fastest in the nation. USA Today expects other states to follow suit, especially on toll roads, because federal funding for “free” roads is decelerating, and a new transportation funding bill encourages states to build toll roads. So we can go faster, but pay more. If social mood—and the stock market—head south, we will go slower, and probably still pay more. Click here to read more about how social mood affects the government’s enforcement of speed limits.

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