Have We Forgotten Our History?

Well, here's one thing I do fear: our memory or lack of it.

I fear a country that has forgotten history. Its own history.

I fear a nation that bemoans 6 percent mortgages and doesn't recall when they were 18 percent.

I fear folks who got used to home prices going up double digits each year and forgetting the historical norm of my parents' time, when 2 or 3 percent was just fine.

I fear people who cite a 5 percent unemployment rate and call it a depression, forgetting the time it was 25 percent and it really was a depression.

I fear that without perspective, we panic.

I'm not saying times aren't tough. I am saying they have been tougher, much tougher.

Yet we have a whole generation bemoaning 2 or 3 percentage point swings in the Dow, failing to recall that single day in 1987 we lost nearly 23 percent in the Dow.

I don't mean to sound old and I don't mean to lecture.

But we have a great history, this country. I just wish more took the time to read it in this country.

Watch Neil Cavuto weekdays at 4 p.m. ET on "Your World with Cavuto" and send your comments to cavuto@foxnews.com

Neil Cavuto serves as senior vice president, anchor and managing editor for both FOX News Channel (FNC) and FOX Business Network (FBN). He is anchor of FNC's Your World with Cavuto - the number one rated cable news program for the 4 p.m. timeslot - as well as the FNC Saturday show Cavuto on Business. He also hosts Cavuto on FBN weeknights at 8 p.m. In addition to anchoring daily programs and breaking news specials on FNC and FBN, Cavuto oversees business news content for both networks and FNC's weekend business shows, including Bulls & Bears, Forbes on Fox, and Cashin' In. Click here for more on Neil Cavuto.