Loading ...(Some may recognize my very old ‘moniker’ here with Wanka)
Roger Babson gained fame by being the only economist who called the coming of the 1929 crash. The only book I got from my father’s office after he passed is “If Inflation Comes” (what you can do about it) by Roger Babson. 1943 edition. My father signed the book from his home, probably around that date.
Babson gives the pretty much standard understanding of inflation for that time, and what an individual can do about it. I read the book years ago. What Babson never dreamed about is the magnitude of artificial ‘financial engineering’ that we have today, building an ever higher house of cards and debt. It just wasn’t possible in his day. So we are deep in uncharted territory. When (not if) this collapses, the whole world will implode like has never been seen in history.
“May you live in interesting times”