Saturday, February 28, 2009

Have we killed the goose?

A man and his wife had the good fortune to possess a goose that laid a golden egg every day. Lucky though they were, they soon began to think they were not getting rich fast enough, and, imagining the bird must be made of gold inside, they decided to kill it in order to secure the whole store of precious metal at once. But when they cut it open they found it was just like any other goose. Thus, they neither got rich all at once, as they had hoped, nor enjoyed any longer the daily addition to their wealth.[1]

Much want more and loses all.

The two videos below are a well done explanation of the current credit crisis. I believe there are more problems with our economy than just represented here, but this is a significant part of it. People, on many levels, wanted more, overextended themselves and now we have a mess.

I wonder:

  • Will we recover?
  • If so, how long it will take?
  • Have we learned our lesson?
  • If not, how soon until we're here again?
  • Have we killed the golden goose or is it just sick?
  • Are we currently killing it with our supposed stimulus package?

1. Aesop's The Goose That Laid the Golden Eggs as told by William J. Bennett in The Book Of Virtues