Thanks to Rob Dietz, Executive Director of the Center for the Advancement of the Steady State Economy, for this article from Sustainable Industries.
When a train derails, the first instinct is to set the wheels back on the tracks and get the train moving again. This instinct often serves people well–it’s the sign of a can-do attitude, and it’s exactly what government agents, Wall Street financiers, and Federal Reserve economists are scrambling to do with the stalled economy and crisis-riddled financial system. Before maneuvering the train back onto the tracks, however, a wise engineer will consider why it derailed in the first place. An even wiser engineer might consult a map and ask whether the train was headed in the right direction in the first place.
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