Congratulations are in order for the winner of our Economic Vices and Virtues Contest! The winning entry was submitted by a blogger named Paul Williams who runs a great site over at ProvidentPlan.com. If you’ll recall, in this contest we tasked entrants with reviewing John Templeton’s 5 Economic Vices and his 5 Economic Virtues and then positing which vice was most responsible for our recent downturn and which vice might be most helpful in spurring recovery. It was, no doubt, a tall order, but Paul crafted a great answer.
You can find out which vice and which virtue he choose here.
If you missed this contest, be sure to stay tuned. We’ll be running another one in May. As always the goal will be to help preserve the legacy of one of the greatest financial minds of the century.