No, my father was not an Assistant Treasury Secretary or a Federal Reserve governor or a partner at Goldman Sachs. So, he didn’t have very much impact on the global economy before dying in 1973 (at a too-young age of 50). But if he were here today, he could pinpoint exactly where all the trouble in today’s economy had come from.
Dad was a very pragmatic kind of guy. He always tried to think ahead, tried to keep trouble from happening. And he knew that there would always be trouble that you could not presently anticipate. So he always left some room for an unexpected turn of events. His early death was devastating for my mother, but he left her with a house fully paid for and no outstanding bills. We got by, thanks to his financial philosophy.
So I’m sure Dad would be rolling in his grave if he could keep up with our current global economic situation. About 12 years after his passing, when inflation rates, interest rates and unemployment rates » continue reading …
