It has become clear that very few grasp how economics works. The consensus approach is mathematical. George Osborne clings to it like a science. Yet concepts like confidence, hysteria, mania and paranoia have a greater baring. Austerity as a policy is self flagellation and suits the psychology of our angst ridden class system only too well. At one end the lower class wallow in their suffering whilst at the other pole of upper class corporal punishment has an equal erotic appeal. The road to recovery is through confidence, faith.