The Story of the Goldilocks Economy

Quoting Gillian Tett of the Financial Times:

In recent years, the concept of a “Goldilocks” economy has permeated the policymaking world. For after decades of painful economic booms and busts, politicians and central bankers have become wedded to the idea of chasing a growth rate that is neither “too hot, nor too cold, but just right” – as Goldilocks famously said, in reference to her porridge.

I’ll take a moment to make another fairy tale reference. Depending on the storyteller and the story source, there are three bears in the Goldilocks story…

… and in some of those stories, when the bears awaken, they kill her.

Not a good omen for our economy.