in turn that makes new ventures easier to gain traction - and (I hope) this means a virtuous cycle where people believe that change can and literally is happening - and that very belief in turn makes it stronger, more lasting, and more impactful.
This is how economics and change happens - people's belief and shared agreement that specific pieces of paper (or entries in a digital system) represent value IS what makes money and commerce with that money possible as well as the shared expectations
if everyone thinks that prices will rise (to use a classic example) then everyone starts to make adjustments assuming that prices will rise - they raise prices where they have control of them and where they do not they make decisions about what to buy when based on that expectation.
(think back on the toilet paper hoarding early in the COVID pandemic - or the "search for live yeast" when everyone wanted to bake bread at home)
But it is also about how much of the future we plan for and expect
when times are good, when leadership seems stable (and even inspiring), when jobs are good it is far easier to plan for the long term - for a vacation years from now, for "what we'll do when our tween is off to college"
But when everything feels unstable (eh look around) it is much harder to plan - and that then cascades across the economy and community.
What Mayor Mamdani is doing in many big and small steps is showing a way to plan for the future (fully funding libraries is a good example)