Friday, March 9, 2007

investment guru Harry Browne

I got an email today from The Soverign Society reminding me of the investment writer and libertarian Harry Browne. He wrote a number of investment books advocating people get Swiss bank accounts, stock up on gold and silver coins, and so on. The 70s were a terrific decade for advice of that nature, since our economy was stalled and seemed to be failing, and many predicted total economic collapse. I can't give out that kind of investment advice, especially since if we have total collapse it will be most likely due to a terrorist attack. Paul Volcker as Chairman of the Federal Reserve and Ronald Reagan's tax cuts got us through. But Harry Browne also wrote a book on the libertarian philosophy called HOW I FOUND FREEDOM IN AN UNFREE WORLD. I think that anyone, a fixed income investor or not, can get a lot out of that book, so I highly recommend it. It never got the attention it deserved.