Wednesday, December 17, 2008

The Long View: Essays on the history of business: A Fiasco That Fed The Great Depression

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