On a recent elevator ride I had the opportunity to chat with Benny Bernanke about the current financial situation we find ourselves in.
Benny: Well Zev, to be honest I am a bit overwhelmed.
Zev: Really. What are you most concerned about?
Benny: When I was in grad school at M.I.T and went on to become a tenured professor at Princeton University in the Department of Economics, all we talked about were the best ways to achieve economic growth.
Zev: Well isn't that what we want?
Benny: Of course. But the problem is that no matter what I do, significant growth remains elusive.
Zev: What if we stopped focusing on growth and looked at scenarios that promoted sustainability?
Zev: What if we were to organize our economy around sustainability and quality of life and not around growth at any cost?
Benny: I don't understand?
Zev: I think I see the problem.
The elevator stops and the door slides open.
Benny: This is my floor. Nice chatting with you and have a great day!