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" ... In the next and last passage, Keynes states that excessive pessimism and a lack of confidence infuse the bust stage of the business cycle, just as excessive optimism and overconfidence infuse the boom stage. In his words: “It is the return of confidence, to speak in ordinary language, which is so insusceptible to control in an economy of individualistic capitalism... When the disillusion comes, this expectation is replaced by a contrary 'error of pessimism', with the result that the investments, which would in fact yield 2 per cent in conditions of full employment, are expected to yield less than nothing; and the resulting collapse of new investment then leads to a state of unemployment.” ... "