Tuesday, July 29, 2008

A Metaphor

Imagine a see-saw. We sit at one end look at how high the other end is. If we could just get to the other side, then we could enjoy the view from there. We rush over to the other side only to find when we get there that now, it's just as low as before. The highest point is actually at the fulcrum, but if we chase the moment, we never stay there because it appears that we can do better if we leave our current spot.

I think our economy is like that. We sit at one end and think of all the great laws we can pass which would get us to the high part of the see-saw. But the laws change the incentives and what seemed like a good position doesn't really exist. So we change our laws again. Trying to get to the high part of the see-saw. Even though it seems like we can get better, we're just stuck. Better to just choose the middle and stick with it.