10 Free Books for Understanding the Economy Today

If you want to learn how we have gotten to where we are today, then you've landed at the right spot. 

These books were some of the first books I ever read on economics. 

They were preceded only by "The Alpha Strategy" (My Most Visited Post! Free Download! A great book for today in these inflationary times), the Politically Incorrect Guide to Capitalism, The Gold Wars (free download), Economics in One Lesson (free download), Meltdown, End the Fed, and Crash Proof 1.0.

I gotta be honest. I read all the way up to Modern Money Mechanics and didn't finish the rest of the list. But even half the books below and the books above will give you a working economic knowledge for life. 

Any citizen will be an economically literate citizen even if he or she reads only half of these books.

These economics books are free for downloading. Read them in this order.

Gary North, Inherit the Earth

Gary North, Honest Money

Murray Rothbard, What Has Government Done to Our Money?

Gary North, Mises on Money

Murray Rothbard, The Case Against the Fed

Murray Rothbard, The Mystery of Banking

Federal Reserve Bank of Chicago, Modern Money Mechanics

Gene Callahan, Economics for Real People

Robert P. Murphy, Lessons for the Young Economist

Murray Rothbard, Man, Economy, and State; Robert P. Murphy, Study Guide for Man, Economy, and State

Source: Ten Free Economics Books for Understanding What Is Going On Today | Specific Answers 

I hope you enjoy the books! 

Next up will be books that will help you become a functional Christian.

Good read: There’s More to Money than Hyperinflation

Picture Taken from the Mises Institute's Instagram

Via Matt McCaffrey:

The thing is, we don’t need Weimar-style money printing to redistribute wealth and encourage bubbles: even small credit expansions produce inequalities and malinvestments, whether hyperinflation eventually happens or not. Mises and other Austrians have been arguing this point for decades.

The problems run deeper than the threat of total disaster. In fact, that’s the whole point: if bad monetary policies always produced immediate catastrophe, people would long ago have seen the failings of central banks and done something to replace them. But because the distortions caused by monetary expansion seep slowly and discontinuously through the economy, their true origins remain unseen, even when the bubbles they create become obvious to the world.

There’s More to Money than Hyperinflation || Mises Institute 

Audio: What Really Causes Global Depressions?

Austrian this, Keynesian that. Why should one embrace one over the other?

Kevin Swanson doesn't get into that, but he does say that our practical atheism is the reason why America is doing so badly nowadays.

Listen below.

What Really Causes Global Depressions - Major Wobble for the First Domino

It's true that Austrian economics is more in line with the biblical worldview, but what authority do Austrian economists stand on?

Mises and Rothbard.

In other words, men.

In the same vein, we have also embraced man's erroneous views of laws and economics -- that is why we will be in a depression.

Put the economic crisis in perspective

Put the economic crisis in perspective:

The government has been using stimulus to thwart a recession since I was 13.

I'm 27 now. They've been pushing off a recession for over half of my lifetime.

They've been using stimulus since 2001 and what do have they to show for it?

If stimulus worked so well, then why are there 2 million breadwinner jobs -- $50k a year -- less than 2000? Why are wages still declining?

By pushing off the recession with stimulus, they make the inevitable correction even worse.

What if we had one bad recession in 2001 and then that was it? What if we all had to toughen it out for one bad year when the economy was much stronger?

What happens now that the crisis is still forthcoming and people don't have the incomes and savings to brace for it?

Imagine if all of the people who went to college from 2001 to 2015 -- including myself -- had to make decisions to go to school based upon real price sensitivity, based upon what they could actually afford, versus enrolling in federal student loan programs? How financial freer would those people be?

The solution is to drastically cut spending, preferably Ron Paul 2012 presidential platform style by $1 trillion, end local, state, and federal bureaucracies, drastically lower taxes (no regressive flat tax, conservatives), and end the American Empire overseas and at home. Oh, and of course, End the Fed.

There's also other things that could be done but that's for another blog post. But for starters, we could legalize capitalism.

What does the Bible Say about Economics

Listen to these lectures to find out what the Bible says about economics. Featuring Kevin Swanson and Kenneth Gentry and one more.