Some combination of that timeless admonition has been around since the discovery of sugar. Children love sugar. It tastes absolutely delightful (our tongues evolved to prefer sweet foods with higher energy, rather than bitter foods with potential poisons)! More importantly, the benefits of sugar (great taste!) were realized immediately, while any potential downsides (if any) were differed until another hour...
Luckily, good parents rarely leave children to their own devices. Being of greater wisdom, parents recognize the longer term consequences of excessive sugar consumption: obesity, cavities, hyperactivity, fatigue (not to mention the extreme long-term consequences: cancer, diabetes, kidney/liver problems, etc). Our parents applied their greater wisdom through methods ranging from the gently paternalistic, to the harshly draconian, in order to influence our behavior with regards to sugar consumption... so that we may live to adulthood, in order to one day pass on these simpler truths to future sugar-fiends...
"No more soda & candy... and money printing!"
Often, when we grow older, we become infect with the condition of 'log in eye'. While we have outgrown our infatuation with sugar, we have merely replaced our old lusts with new addictions... for example, paper wealth! While we busy ourselves with reproving children, we cheer for the sweetness of easy solutions to difficult problems.
During the recent
However, let us curb our enthusiasm, lest we celebrate too soon...
Is quantitative easing the penicillin to all of our economic ailments?
Or is it merely a grown-up version of the now-forgotten sugar-high?
Does not the printing of money have long-term negative consequences?
Is this the free lunch we were all seeking?
Or are we merely children who have rediscovered the time-honored joys of inflation, without the wise-parents of youth to warn us about the potential consequences to follow these short-lived joys?
Parents, and future parents... let us consider carefully the consequences of our own actions. When we were children, we thought, reasoned, and acted as children, but, as has been said, there comes a time when we must put away childish things. Let us forgo the short-lived-sweetness of greed and easy money in favor of the long-lived-savoriness of austerity and prudence!