*Everyone* please read

T

tsetsefly

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Aug 7, 2007
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Okay, this cant come out without me sounding like a condescending ahole so I will just say it even though my intention is not to belittle anyone.

There is quite a lot of people here with a real ignorance on basic economic principles, this is not surprising as I would say the majority of americans, including politicians and even some economist are very ignorant on economics even the basics.

You dont have to have a phd or degree in economics to understand it. Look at Dr. Paul. However you also dont need to be an economic expert but some basic concepts are a must.

I recommend the two following books:

Basic Economics by Thomas Sowell:http://www.amazon.com/gp/product/product-description/0465081452/ref=dp_proddesc_0?ie=UTF8&n=283155&s=books

Economics in One Lesson by Henry Hazlitt: http://www.amazon.com/Economics-One-Lesson-50th-Anniversary/dp/0930073193/ref=pd_bbs_sr_2?ie=UTF8&s=books&qid=1201377884&sr=8-2



edit: ill leave the amazon link for the law because of the reviews if anyone wants to see it, but you can get it for much cheaper (just $4!) herehttp://www.fee.org/store/detail.asp?id=387
Btw, The Law by Federique Bastiat is the best book on the role of government and it is only 80 pages long. IMO best book ive read. http://www.amazon.com/Law-Frederic-Bastiat/dp/9562913635/ref=sr_1_1?ie=UTF8&s=books&qid=1201378511&sr=1-1
 
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bump

The best way to support Ron Paul is to educate yourself

Don't sound like McCain when someone asks YOU a question
 
tsetsefly said:
Okay, this cant come out without me sounding like a condescending ahole so I will just say even though my intention is not to belittle anyone.

There is quite a lot of people here with a real ignorance on basic economic principles, this is not surprising as I would say the majority of americans, including politicians and even some economist are very ignorant on economics even the basics.

You dont have to have a phd or degree in economics to understand it. Look at Dr. Paul. However you also dont need to be an economic expert but some basic concepts are a must.

I recommend the two following books:

Basic Economics by Thomas Sowell:http://www.amazon.com/gp/product/product-description/0465081452/ref=dp_proddesc_0?ie=UTF8&n=283155&s=books

Economics in One Lesson by Henry Hazlitt: http://www.amazon.com/Economics-One-Lesson-50th-Anniversary/dp/0930073193/ref=pd_bbs_sr_2?ie=UTF8&s=books&qid=1201377884&sr=8-2


Btw, The Law by Federique Bastiat is the best book on the role of government and it is only 80 pages long. IMO best book ive read. http://www.amazon.com/Law-Frederic-Bastiat/dp/9562913635/ref=sr_1_1?ie=UTF8&s=books&qid=1201378511&sr=1-1
Click to expand...


I need to keep studying too. I am waay to ignorant about economics for a hardcore Ron Paul supporter.
 
don't forget finance

Economics is important to understand. I wish I had more time to read and learn about it.

But I think it would be very important to know how the financial system actually works. How the Federal Reserve operates, the ways corporations and governments raise funds, how those are traded in the market. Then using the economic principles that a person understands, you would have a better understanding of what is happening in our current events.

I get the impression the media reports are from people who have little understanding about economics and finance. They panic about any little market disturbance. It seems like it is the end of the world if the stock market goes down.
 
MN Patriot said:
Economics is important to understand. I wish I had more time to read and learn about it.

But I think it would be very important to know how the financial system actually works. How the Federal Reserve operates, the ways corporations and governments raise funds, how those are traded in the market. Then using the economic principles that a person understands, you would have a better understanding of what is happening in our current events.

I get the impression the media reports are from people who have little understanding about economics and finance. They panic about any little market disturbance. It seems like it is the end of the world if the stock market goes down.
Click to expand...

Check out dollardaze.org
There's a ton of short articles you can read here, including a short explaination of our country's fight against central banks and the fed: "America's forgotten war against the central banks" is an awesome preface to understanding what is going on today.
"The creature from Jeckyll Island" by G. Edward Griffin is the long version, but if you can invest a few weeks in reading it, you may avert decades of getting taken advantage of. It is an EXTREMELY easy book to read, not technical at all and it explains the "credit crunch" of today perfectly, yet was written nearly 20 years ago.

Tsetsefly: thank you for posting links to those books~ I went over to Amazon and read the comments on "The Law" by Bastiat, and I ordered the book!
 
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mleclerc said:
Check out dollardaze.org
There's a ton of short articles you can read here, including a short explaination of our country's fight against central banks and the fed: "America's forgotten war against the central banks" is an awesome preface to understanding what is going on today.
"The creature from Jeckyll Island" by G. Edward Griffin is the long version, but if you can invest a few weeks in reading it, you may avert decades of getting taken advantage of. It is an EXTREMELY easy book to read, not technical at all and it explains the "credit crunch" of today perfectly, yet was written nearly 20 years ago.

Tsetsefly: thank you for posting links to those books~ I went over to Amazon and read the comments on "The Law" by Bastiat, and I ordered the book!
Click to expand...

this you order it for $4 over at FEE or from amazon?
 
this is a good idea for a thread, but IMO, starters should go with gene callahan's "economics for real people". while the 2 you listed are very good, and basically necessary reads, gene callahan's work teaches the science of economics instead of specific issues.

after those books, it's time to go into "human action" by LMV and "man, economy, and state" by murray rothbard.

you can find callahan's book on amazon, the mises instute has it for free in pdf version if you've got a few minutes and a couple sheets of paper in your printer

http://www.mises.org/books/econforrealpeople.pdf
 
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mleclerc said:
Check out dollardaze.org
There's a ton of short articles you can read here, including a short explaination of our country's fight against central banks and the fed: "America's forgotten war against the central banks" is an awesome preface to understanding what is going on today.
"The creature from Jeckyll Island" by G. Edward Griffin is the long version, but if you can invest a few weeks in reading it, you may avert decades of getting taken advantage of. It is an EXTREMELY easy book to read, not technical at all and it explains the "credit crunch" of today perfectly, yet was written nearly 20 years ago.

Tsetsefly: thank you for posting links to those books~ I went over to Amazon and read the comments on "The Law" by Bastiat, and I ordered the book!
Click to expand...

I read "The Creature from Jekyll Island" about 10 years ago. That really opened my eyes. I've probably read most of the standard libertarian / Austrian economics books. But still feel I have a small grasp of economics, but much more than the average person. I surely don't keep track of the day to day stuff, trading stocks , gold, etc. My friend just got his stockbroker's license. He said he learned a ton of things they never teach you in school while studying for the Series 7 exam.

The theory is great to know, but the practical day to day knowledge of how the system works is helpful, too.
 
Well, good luck tackling some of this stuff. I tried Road to Serfdom over Christmas holiday and it quickly made my Ten Worse Reads list. Sorry purists but it sucked in my opinion. Two hundred pages better said in ten. I guess that's why they didn't invite me to that luncheon in Houston today.
 
jacmicwag said:
Well, good luck tackling some of this stuff. I tried Road to Serfdom over Christmas holiday and it quickly made my Ten Worse Reads list. Sorry purists but it sucked in my opinion. Two hundred pages better said in ten. I guess that's why they didn't invite me to that luncheon in Houston today.
Click to expand...

these books are made for "easy" reading, as easy as it can get with economics...
 
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