Financial Reckoning Day; Surviving the Soft Depression of the 21st Century
by William Bonner with Addison Wiggin
From the point of view of investors this book shows the hazards facing us in this century. This is not a book by economists but their understanding of the realities of what consequences face nations who put their trust in fiat currency show that we are in for a hard time indeed.
We are living in interesting times and this book shows what the future holds for us. It was written in 2003 and the future is here!
Aug 30, 2007, 11:05
The Skeptical Environmentalist; Measuring the Real State of the World.
by Bjorn Lomborg
Bjorn Lomborg is an Associate Professor of Statistics in the Dapartment of Political Science, University of Aarhus, Denmark. In this book he challenges widely held beliefs that the environment is getting worse and worse. He was once a member of Greenpeace and is critical of the way many environmentalists make selective and misleading statements purporting to be scientifically based.
This book searches for the truth and tells it straight. All you wanted to know about the environment as far as know it from available scientific evidence. No polemics - just the facts in a well structured and interesting read.
Aug 30, 2007, 10:55
The Road to Serfdom
by F. A. Hayek
"This book has become a true classic: essential reading for everyone who is seriously interested in politics in the broadest and least partisan sense, a book whose central message is timeless, aplicable to a wide variety of concrete situations. In some ways it is even more relevant to the United States today than it was when it created a sensation on its original publicationin 1944."
:- From Milton Friedman's introduction.
Aug 30, 2007, 10:48
GOLD; The Once And Future Money.
by Nathan Lewis
So if you understand economics from von Mises' perspective and understand the definitive text on banking with fiat currencies by de Soto, then this book puts real money into perspective.
Our money systems are becoming more and more distorted. Central Bankers add a little money to the system because a bit of inflation produces a "feel good" factor in the economy. But they cannot keep control of it. They think they can, but the evidence to date is that they canot. If you consider that politicians have a strong incentive to add a little money when it comes around to election time and banks certainly like to have free money to lend out to the unsuspecting populace you can see that with fiat currency we will always have the tendency to inflate.
Then the geni is out of the bottle and it cannot be put back in. EVERY fiat currency (paper money not backed by gold) ever used in this world - and there have been many - has gone bust. Every single one of them.
We are in the middle of a whoop-de-doodle money war and every country is trying to win it. We will all lose. Unless we move back to sound money we will eventually follow Zimbabwe. But it will be a fun ride so enjoy it!
Aug 29, 2007, 18:38
Money, Bank Credit, and Economic Cycles.
by Jesus Huerta de Soto
This book was first published in 1998 and despite being 1000 pages long sold out rapidly. It very clearly and from a strong academic base shows how fiat currencies inevitably produce booms and busts.
The only answer to our current problems which are of such concern to our Reserve Bank and the Minister of Finance are described in this book.
Serious students of economics should have this as their seminal text on banking and money and every Reserve Bank Governor should read this book.
If you really want to know what banks get up to and how they create money from nothing then read this book.
Aug 29, 2007, 18:28
by Ludwig von Mises
A definitive text for Austrian Economics. This book starts with human actions and shows clearly how we can logically build up a complete theory of Economics from basic understandings of how people act.
No maths required! Just clear thinking and we have the answers that are puzzling economists and Central Bankers right now.
Aug 29, 2007, 15:54