Recommended Books

No, They Can’t: Why Government Fails-But Individuals Succeed

The government is not a neutral arbiter of truth. It never has been. It never will be. Doubt everything. John Stossel does. A self-described skeptic, he has dismantled society’s sacred cows with unerring common sense. Now he debunks the most sacred of them all: our intuition and belief that government can solve our problems. In No, They Can’t, the New York Times bestselling author insists that we discard that idea of the “perfect” government—left or right—and retrain our brain to look only at the facts, to rethink our lives as independent individuals—and fast.


Dumbing Down: Essays on the Strip-Mining of American Culture
The American scene, once so full of richness, promise, vitality, and achievement, now strikes many critics as a dispiriting carnival of follies, a spectacle of decline. In every area of our lives – including, but not limited to, education, politics, journalism, literature, ethics, film, religion, popular culture, jurisprudence, psychiatry, and even cuisine – one can observe an ominous slippage, a shift towards the bizarre, the third-rate, the purely opportunistic. American culture is being degraded, the effect is not depressing, but rather hopeful, in the sense that problems must be identified before they can be fixed.
What Has Government Done to Our Money? and The Case for a 100 Percent Gold Dollar
Murray Rothbard was the first to prove that the government, and only the government, can destroy money on a mass scale, and he showed exactly how they go about this dirty deed. He shows precisely how banks create money out of thin air and how the central bank, backed by government power, allows them to get away with it. He shows how exchange rates and interest rates would work in a true free market. Easy to read, a book hard to put down.

A Century of War: Anglo-American Oil Politics and the New World Order This book is a gripping account of the murky world of the international oil industry and its role in world politics. Scandals about oil are familiar to most of us. From George W. Bush’s election victory to the wars in Iraq and Afghanistan, US politics and oil enjoy a controversially close relationship. The US economy relies upon the cheap and unlimited supply of this single fuel. William Engdahl takes the reader through a history of the oil industry’s grip on the world economy. His revelations are startling.
The Collapse of the Dollar and How to Profit from It: Make a Fortune by Investing in Gold and Other Hard Assets
The dollar is in trouble. It has fallen against other currencies for the past three years, and now its orderly retreat could well become a rout. This spells potential disaster for the American economy—and potential riches for a few smart investors. Financial gurus James Turk and John Rubino show how the dollar arrived at this precipice, why it will plunge, and how you can profit from the resulting financial crisis.

Money, Sound and Unsound
Salerno uses the Mises/Rothbard theory of money to reinterpret historical episodes, reevaluate the history of thought, closely examine the Federal Reserve policy, seek out cause and effect in business cycles, provide a new understanding of war and social unrest, and clarify the relationship between the state and the central bank. But it is not just about the past. He presents a great model for the future too with essays on how to tell real from fake gold standards, how to calculate the money supply and follow what the Fed is up to, and how to reform the international monetary system to keep money from the destructive hands of the state.
Economics in One Lesson
This is the book to send to reporters, politicians, pastors, political activists, teachers, or anyone else who needs to know. Written for the non-academic, it has served as the major antidote to fallacies in the popular press, and has appeared in dozens of languages and printings. It’s still the quickest way to learn how to think like an economist. And this is why it has been used in the best classrooms more than sixty years.
The Politically Incorrect Guide to American History
From the Puritans through the drafting of the Constitution, the Civil War, the World Wars, the rise of the “Great Society” all the way up through the of the Clinton Administration, this brightly written book discusses the real ideals of the founding, the truth about the Civil War, the heroism of the robber barrons, the ravages of statism in World War I, high taxes, and the war against free markets.

A Gift to My Children: A Father’s Lessons for Life and Investing Within its sensibly brief running time (it is a frugal 85 pages) Rogers conveys to his brood his life philosophy on working, ethics, investing, saving and indeed being happy. It is his ultimate guide to peace, love, eternal cosmic wisdom, and how to make a packet.

Crash Proof 2.0: How to Profit From the Economic Collapse Our days as the dominant economic power are numbered. The dollar is going to collapse, and Americans are going to experience stagflation on an unprecedented scale in the form of recession and hyperinflation. Those of you who act smartly and quickly by taking measures Peter outlines in his book not only will avoid loss of wealth but also will have positioned yourselves to prosper while your neighbors suffer a painful period of reconstruction and reform.

Gold, Peace, and Prosperity Pocket Edition Author Ron Paul has been the leading champion of sound money in the Congress. He explains why sound money has meant the gold standard. His goal is to explain the basics of paper money and its effects of inflation, business cycles, and government growth. He maps out a plan to bring about a dollar that is as good as gold, one that would be protected against manipulation by government and central bankers.

The Creature from Jekyll Island:  G. Edward Griffin presents valuable knowledge based on hard evidence that our history books have conveniently left out.  He makes it clear that the Fed’s formation isn’t a benign attempt to control inflation but a malignant attempt to seize global power.  Elite bankers planned and pushed the event through Congress for their own benefit.  It goes to prove how dangerous Corporatism is, especially in the realm of currency.

Man vs. The Welfare State [Paperback] by Hazlitt, Henry In this 1969 work, Henry Hazlitt explains why politicians who promise salvation through government are dangerous. Among the essays: Instant Utopia, Salvation Through Government Spending, Consequences of Dollar Debasement, The High Cost of Wage Hikes, Price Controls, Famines Are Government-Made, Runaway Relief and Social Insecurity, Income Without Work, Fallacies of the Negative Income Tax, Soaking the Rich, Soaking the Corporations, Government Planning vs. Economic Growth, The Case for the Gold Standard, The Fallacy of Foreign Aid, Government Unlimited, From Spencer’s 1884 to Orwell’s 1984, What We Can Do About It
The Road to Serfdom What F.A. Hayek saw, and what most all his contemporaries missed, was that every step away from the free market and toward government planning represented a compromise of human freedom generally and a step toward a form of dictatorship–and this is true in all times and places. He demonstrated this against every claim that government control was really only a means of increasing social well-being. Hayek said that government planning would make society less livable, more brutal, more despotic. Socialism in all its forms is contrary to freedom. Nazism, he wrote, is not different in kind from Communism. Further, he showed that the very forms of government that England and America were supposedly fighting abroad were being enacted at home, if under a different guise. Further steps down this road, he said, can only end in the abolition of effective liberty for everyone. Capitalism, he wrote, is the only system of economics compatible with human dignity, prosperity, and liberty. To the extent we move away from that system, we empower the worst people in society to manage what they do not understand.

The Left, The Right and The State
Lew Rockwell’s new manifesto is a clarion call—creative and thought-provoking on every page—for a principled liberty in our time. There are very few books in which you can open up any page and immediately find a quotable and inspiring passage that will make you think hard, laugh out loud, or see things a completely new way. This is certainly one of them. He covers every topic related to economics and politics, from the business cycle, to trade, to the drug war, to environmentalism. His central thesis is that the threat to liberty comes from both the Left and the Right, and that neither really offers a consistent way out. The real problem is much deeper than either the Right or the Left recognizes. It is the institution of the state itself, which everyone seems to want to use to his own philosophical advantage.

How an Economy Grows and Why it Crashes uses cartoon illustration, humor, and accessible storytelling to explain complex topics of economic growth and monetary systems. In it, the bestselling author of Crash Proof, Peter Schiff teams up with his brother Andrew to apply their signature “take no prisoners” logic to expose the glaring fallacies that have become so ingrained in our country’s economic conversation.  Buy Now


The Mystery of Banking In this book Murray Rothbard provides an explanation of money’s origins and its meaning in the free market. The abstract theory is here, but always with real application to history and modern banking practice.  Even further, he explains the integration between microeconomics and the business cycle.  This is certainly the book for today, more essential than ever before.  Buy Now


Liberty Defined: 50 Essential Issues That Affect Our Freedom
The term “Liberty” is so commonly used in our country that it has become a mere cliché. But do we know what it means? What it promises? How it factors into our daily lives? And most importantly, can we recognize tyranny when it is sold to us disguised as a form of liberty? Dr. Paul writes that to believe in liberty is not to believe in any particular social and economic outcome. It is to trust in the spontaneous order that emerges when the state does not intervene in human volition and human cooperation. It permits people to work out their problems for themselves, build lives for themselves, take risks and accept responsibility for the results, and make their own decisions. It is the seed of America.

Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse
It’s all here, all the information you need to understand what is happening and what to do about it. It is billed as a free-market response to the crisis but it is more precisely an Austrian School response. Tom Woods covers the problem of housing subsidies, of low interest loans, of the absurdities of the boom times, and how it was inevitable that they would come to an end. He puts the fault right where it belongs: with the government and the central bank.
Lies the Government Told You: Myth, Power, and Deception in American History What new crisis will the federal government manufacture in order to acquire more power over individuals? What new lies will it tell? Throughout our history, the federal government has lied to send our children off to war, lied to take our money, lied to steal our property, lied to gain our trust, and lied to enhance its power over us. Not only does the government lie to us, we lie to ourselves. In acquiescing to the government’s continuous fraudulent behavior, we bear partial responsibility for the erosion of our individual liberties and the ever-expanding federal regulation of private behavior. This book attacks the culture in government that facilitates lying, and it challenges readers to recognize that culture, to confront it, and to be rid of it.
A 30 Years’ War – A Study of and Remedy for the Decline of the American Entrepreneur
The path America has taken is not one friendly to the entrepreneur. This book is for “forgotten” American values. Thomas Walker opens our eyes…A must read now before it’s too late.

Tomorrow’s Gold: Asia’s age of discovery
Marc Faber is definitely my preferred economic commentator. His understanding of economics is way above average of the modern day economist and his investment advise is one that far exceeds the typical financial broker. I just cannot have enough of his common sense explained in an excellent English with a great Swiss accent.
The Inflation Crisis and How to Resolve It
Prices are rising, as they inevitably must with an expansionary policy, and who is getting the blame? Not the Fed. Commentators claim it’s the weather or foreigners with greedy appetites for goods. It has always been so: when the inflation arrives, the relationship between cause and effect is lost. This precisely why Hazlitt wrote this fantastic book. He drives home the point that the issue is not weather, not greed, not gouging, but monetary policy of the central bank. It’s never been more important than now that Hazlitt’s message be heard.
Conquest of Poverty, The
Henry Hazlitt wrote this outstanding book on poverty that not only provided an empirical examination of the problem but also presented a rigorous theory for understanding the relationship between poverty and income growth. He examines poverty in the ancient world, the poor laws of England, the advance of the middle class in the United States, the failure of welfare programs, the fallacies associated with income redistribution, and the relationship between population and poverty. The way out of poverty, he explains, is freedom, and freedom alone.
America’s Great Depression Since it first appeared in 1963, it has been the definitive treatment of the causes of the depression. The book remains canonical today because the debate is still very alive. Rothbard opens with a theoretical treatment of business cycle theory, showing how an expansive monetary policy generates imbalances between investment and consumption. He proceeds to examine the Fed’s policies of the 1920s, demonstrating that it was quite inflationary even if the effects did not show up in the price of goods and services. He showed that the stock market correction was merely one symptom of the investment boom that led inevitably to a bust. The Great Depression was not a crisis for capitalism but merely an example of the downturn part of the business cycle, which in turn was generated by government intervention in the economy. The damage to the intellectual world inflicted by Keynesian- and socialist-style treatments would be limited from that day forward.
End The Fed A blast against central banking this powerful hasn’t been seen since the 19th century. The Fed itself has never been subjected to such a withering critique. And it is from a man who has been fighting the Fed his entire political career. What is especially impressive here is that Paul’s book goes far beyond old-time populist attacks on the banking elites. We find a patient explanation of the workings of the Fed and how it has distorted the legitimate business of banking, through every manner of intervention. Paul also offers a realistic plan for abolishing the Fed, if not immediately then with incremental steps to reduce its power and eliminate its dominance in American economic life. Paul wrote this book as a personal statement. But it serves two additional purposes. It educates and it inspires toward effective action.
Man, Economy, and State with Power and Market – Scholars Edition
From Rothbard, we learn that economics is the science that deals with the rise and fall of civilization, the advancement and retrenchment of human development, the feeding and healing of the multitudes, and the question of whether human affairs are dominated by cooperation or violence.
Where Keynes Went Wrong: And Why World Governments Keep Creating Inflation, Bubbles, and Busts
This book is accessible to anyone with a basic economic understanding. It rightly begins with what Keynes himself said. For many people, this part might be the biggest surprise, since, in fact, Keynes is rarely read today. The next section shows precisely where Keynes made mistakes, so many of them that his judgment has to be reversed. Where Keynes said that spending and not saving is the path to prosperity, the author shows that this is in fact the path to poverty. One is left with a sense of astonishment that such a tissue of fallacies could have so deeply embedded itself in into the mainstream opinions of media and government and academic leaders – even public consciousness.

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