The progression a person makes over time is a process, and is one that’s never quite finished. We strive to become better, and that’s OK, as long as we are becoming better. Better is better. But I think we fool ourselves if we think that we’ve ever actually ‘arrived’ in this life. Sometimes we get to a certain point where we’ve made so much progress that we become complacent. We think, “That’s good enough, and I’ve worked really hard to get here. Plus, I’m really tired.” But this is a critical error. Because one truth about life is that you’re either moving forward, or you’re moving backward. You don’t just stay even.
I didn’t always understand this idea of constantly moving forward, but I guess I understand it a little better now. Always moving forward is kind of similar to how an economy needs to always be expanding. I used to wonder why economists and policy wonks were so concerned about economic growth. “Why couldn’t it just stay the same?”, I thought. “Why did it always have to be growing?” Well, that seems to make sense until you realize that economies have to grow for a number of reasons.
An expanding economy also stokes demand and keeps prices somewhat stable. When economic activity is increasing there is a healthy tension between supply and demand. As long as you’re not growing to quickly, that’s a good thing. But economists get concerned when prices rise too fast. Inflation happens for a number of reasons, but monetary policy managers are vigilant about keeping an eye out for it and getting out in front of it. If they aren’t careful, things can get out of hand, leading to hyperinflation. And inflation is an ugly animal, because once you realize it’s become a problem, all the easy ways of dealing with it have already left the station. And when we look back, we can be glad because we can clearly see the progress we’ve made.
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And this is where we wanted to be—steadily moving forward. We wanted to keep stoking the embers of forward progress and not return to the regressive nature of the past. And that should be our goal on a personal level—always growing, but not pushing ourselves so hard that we are overwhelmed.