Benjamin Franklin had it right.

Benjamin Franklin had it right. Sometimes when I read history, I’m amazed at how history repeats itself. This quote from Old Ben says it best in describing some of the reactionary measures taken with regard to our ongoing economic conditions.

All human situations have their inconveniences. We feel those of the present but neither see nor feel those of the future; and hence we often make troublesome changes without amendment, and frequently for the worse.
– Benjamin Franklin

I think we lack patience as a community. We have created policy, procedure, and political ramifications lasting far longer and doing more damage than waiting for the market to cure itself. Like life, the market finds a way. The market is like a might river moving in one general direction but occasionally rising above its banks (flooding) and conversely not reaching its banks (drought) at other times, but it still moves in generally one direction. You get the idea. Sometimes the cure is worse than the disease.

Advertisements

About Tom & Dee Cryer

Your Friends in the Homeownership Business!
This entry was posted in Ben Franklin, Free Markets, Rivers. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s