(photo of the US Treasury Department)
From Wikipedia: From the U.S. Department of the Treasury website, via Wikipedia:
“The Secretary of the Treasury is the principal economic advisor to the President and plays a critical role in policy-making by bringing an economic and government financial policy perspective to issues facing the government. The Secretary is responsible for formulating and recommending domestic and international financial, economic, and tax policy, participating in the formulation of broad fiscal policies that have general significance for the economy, and managing the public debt. The Secretary oversees the activities of the Department in carrying out its major law enforcement responsibilities; in serving as the financial agent for the United States Government; and in manufacturing coins and currency.
The first Secretary of the Treasury was Alexander Hamilton, best known for being one of the chief authors of the Federalist Papers and founding a party by the same name – one of the two dominant political parties for the first 20 years of the Republic. The current Secretary is Henry Paulson, the former Chairman and CEO of Goldman Sachs. Probably the other most notable recent Secretary was Robert Rubin, President Clinton’s Secretary of the Treasury from 1995 to 1999. He was also a co-chairman of Goldman Sachs prior to joining the Clinton administration.
So the question for today is this: if you could wave a magic wand and pick the next Secretary of the Treasury, but you had to choose a ‘financial guru’, who would it be and why? Secretary Orman, who doesn’t follow her own advice? Kiyosaki, who would promptly borrow against the next 50 years of taxes to buy a condominium complex in Dubai? Trump? Kramer? Jack Welch? Jeff Skilling? A personal finance blogger? Go crazy!