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The hope is that the "animal spirits" of business will revive after a couple of quarters of strong growth.
Perhaps 4 or 5 percent a year would be just the thing to deal with the overhang of debt and encourage the "animal spirits" of business, or so the argument goes.
There's also a pervasive feeling that Obama's tone — as evidenced by tough rhetoric against Wall Street and BP — is dampening the spirits of business leaders, making them unwilling to take risks.
In a separate conversation in the podcast, Greg Mankiw, the Harvard economics professor, analyzes the economy's problems and suggests a long-term solution: stoking the "animal spirits" of business to increase investment spending.
In particular, he debunks the idea that Smith's support for what Keynes later described as the animal spirits of business confidence and pursuit of profit also led him to demand small government.
And most of all, the government must adopt a visionary growth strategy, to increase the "animal spirits" of business investment (the most unstable part of GDP), implementing an industrial strategy that includes both infrastructure and a plan for the green economy.
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In 1924, Mellon published a manifesto, "Taxation: The People's Business," in which he argued that high taxes kill "the spirit of business adventure".
For this understanding, I owe a considerable debt to John Mackey, chief executive of Whole Foods, and Rajendra Sisodia, co-authors of the powerful new book "Conscious Capitalism: Liberating the Heroic Spirit of Business".
We can harness the competitive spirit of business as a power for good Businesses actively track their peers when it comes to leadership, products or policy, they need to do the same for diversity.
You could argue that women are setting up businesses simply because they cannot find jobs, but that would be to ignore the significant national pride attached to this post-communist spirit of business cunning.
In the course of publicizing his new book, Conscious Capitalism: Liberating the Heroic Spirit of Business), on NPR on Wednesday morning Mackey, 59, used the words "fascism" and "fascist" to describe Obamacare.
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