In the 1980s and 1990s, free-market economists like Milton Friedman and Art Laffer dominated U.S. economic policy. Tax rates dropped, regulations were loosened, and government spending as a share of GDP declined. The result was a surge in economic growth, innovation, and private sector strength. But in a twist of economic irony, John Maynard Keynes—long gone—has arguably had the last word. In the decades since, particularly during times of crisis, Keynesianism has returned with force.
When is the last time you set goals for yourself?
Milton Friedman, Art Laffer and other market-believing economists had their long day in the sun during the 1980s and 1990s. Tax rates fell and government spending declined relative to GDP. But – ironically, in the long run, and long after he passed away – John Maynard Keynes got his revenge. Whereas free-marketeers believed markets were… Continue reading Balanced & Analytical
Some financial planners use the term “holistic planning”. It’s meant to indicate that they consider the client’s short-term and long-term life goals and how the client visualizes their future. Holistic Wealth Planning is continuous and considers multiple aspects of a client’s life objectives. The Valuation Reality Gap Only one of those aspects is ownership of… Continue reading What is “Holistic” Planning?
I have found some valuable things that propel me and others toward their own definitions of success. 1. Clarify Your Goals We often don’t spend enough time thinking about what we’re trying to accomplish and where we hope it will take us. We trail along with the crowd and follow the same playbook that everyone… Continue reading 6 Tools for Initiating and Sustaining Success
FPA Owner Transitions 