Don’t Shoot Yourself in the Foot After Today’s Jobs Report

No Easy Path Left
 
   
     
   
No Easy Path Left
 
I grew up in Oklahoma, 30 minutes south of Tulsa. 

The nearest paved road was 5 miles from my house. The nearest town, surrounded by farms and ranches for miles and miles, had more elevation than population. 

In the middle of that town was a little greasy spoon restaurant on the southwest corner of the main intersection. No stop lights…just a four-way stop sign. And every morning, as in most towns like this, local farmers and ranchers loitered there, scattering themselves sparsely on the chrome chairs with green seats that surrounded the six or seven pale-green Formica tables. 

The two dining rooms had black and white tile floors, walls of cheap, pressed board paneling painted beige and a door situated diagonally across one corner of the restaurant that dumped patrons right onto the intersecting sidewalks. 

At least that’s how I remember it. But what I know for certain was that whole affair was three decades out of date. 

I also know that on a wall in the back room hung a framed cartoon drawing of a farmer standing in a freshly plowed field holding an open break-action shotgun with the following words hanging over his head: 

“Farming is like trying to commit suicide by shooting yourself in the foot.” 

Expect one thing and get another is one thing I took from it. Another is that there’s no easy way out. 

Farming is not easy. Hard is the only path available for those that want to make farming work. You either work hard at farming or try something else. To expect an easy way out is a recipe for failure. 

Which is true for most things worthwhile in life. Unfortunately, when things get tough, there’s always someone from the government trying to convince you that they can make it easier. 

They appeal the “general welfare.” They frame you as a victim. They sucker you with rosy expectations with no real sense of cause and effect. 

And after over 10 years of paving a smooth path with easy money, shooting the economy in the foot is the only choice left for the Federal Reserve…
 
   
Signature Don Yocham
 
Don Yocham

   
 

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