A Bold Prescription For Economic Growth
During bad times, people want to shrink into their tight boxes of conformist thinking. It’s natural to look for easy and quick answers to solve these problems.
It’s like pulling your hand from a hot stove, but it’s a good idea to learn the lesson and find out how to operate the stove better, too. Otherwise you’re going to have a lot of trips to the hospital for those burned hands.
During bad times, you need to be bold. Being bold doesn’t mean it will be painless; it means honestly assessing the situation, learning the important lessons, and finding the solutions that will change the situation.
Bold solutions might not be quick, either. But, in the long-term, you’ll be successful. Solutions that momentarily alleviate the problem are not solutions. In some cases, they cause more problems over time.
Real, bold solutions do exist to our current economic straits.
Business Strategy, Investing, Money, Online Investing AI, US Economy
is one of my favorite financial books of all time. It's an allegory about a guy who has a terrible job, and how he overcomes challenges to achieve his dreams.
