Repeating The Past?

It’s been said that the definition of insanity is doing the same thing over and over again, and expecting a different result. I long for just repeating things that worked previously. Follow the successful, I say.

“When I took the oath of office, I pledged loyalty to only one special interest group—”We the People. ” Those people—neighbors and friends, shopkeepers and laborers, farmers and craftsmen—do not have infinite patience. As a matter of fact, some 80 years ago, Teddy Roosevelt wrote these instructive words in his first message to the Congress: “The American people are slow to wrath, but when their wrath is once kindled, it burns like a consuming flame.” Well, perhaps that kind of wrath will be deserved if our answer to these serious problems is to repeat the mistakes of the past.”

Ronald Reagan speech to Congress April 28, 1981

Repeating the mistakes of the past? Keynesian economics comes to mind (government involvement during economic extremes; for the uninitiated. i.e. Bailouts.).


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