I’m about to start reading John Steele Gordon’s book, An Empire of Wealth, but am finishing up Amity Schlaes The Forgotten Man first. This article is a preview of his book and draws close parallels to the Lehman failure. What I find interesting is that we have an opportunity to avoid a depression and especially a great depression – but we must look to our history to ensure that the wrongs of those times are not revisited. These books give us a glimpse at what we did wrong, let’s hope someone in Congress and the White House are reading such things.
Scott Dauenhauer, CFP, MSFP, AIF