There are many excellent economic resources spiced throughout financial planning techniques.
A basic understanding of economics is crucial for making wise financial decisions, especially during increasingly uncertain economic times.
Note: Several of the economic resources books noted below are also available on audio books.
I have listened to some of these audio books such as “End the Fed”, “Revolution” and “Atlas Shrugged” while traveling to and from work and around town.
This is a great way to do two things at once effectively.
Top Economics Resources Websites
The US Debt Clock
The Debt Clock is a great site that provides revenues and debt that the US is accumulating in real time. This is a scary and sobering look at our massive economic problems.
This website is the world center for the Austrian School of Economics as well as libertarian political and social theory. According to Ron Paul it is the most visited economics website in the world.
InflationData.com has been publishing inflation related information since 1997. Their goal is to provide you with the best inflation (and deflation) related information on the web in a friendly readable format without all the government speak.
This site exposes data analyses flaws in current U.S. economic reporting. It explores unemployment rates, inflation rates, U.S. money supply growth and more.
Gold and Economic Freedom – Alan Greenspan
The famous Fed chairman wrote this powerful article on the importance of a commodity backed system in 1967—long before he became Fed chairman. A great read!
Redenomination on Wikipedia
Redenomination is when the face value of banknotes (or coins) is changed.This powerful web page shows how damaging inflation and hyperinflation can be. It shows many of the international currencies that have be redenominated. It is a sobering thought that the U.S currency could go through this terrible process.
Economic Resources Books
The Creature from Jekyll Island : A Second Look at the Federal Reserve -- G. Edward Griffin
Where does money come from? Where does it go? Who makes it? This is the sordid story of the creature known as the Federal Reserve Bank (Fed) who are a bunch of money magicians.
You get a look into the bowels of the creature and learn all of its deep dark secrets. The book also covers all the economic mayhem the Fed has caused in the United States over the past hundred years.
“Warning!” You will probably never look at money the same way again if you read this book. This book “Knocks it out of the park!”
End the Fed—Ron Paul
Ron Paul the congressman from Texas and two time presidential candidate uses American history, economics and stories to argue that the Fed is corrupt and unconstitutional. It is the root cause of many of our economic problems here in the U.S. for the past 100 years.
The Feds debasing our the U.S. currency threatens to put us into hyperinflation and ruin our currency. Paul’s urgent appeal shows where we have gone wrong and suggests sound paths back to a sustainable economic policy.
Note: Also available as an audio book
The Revolution: A Manifesto—Ron Paul
This is another great book by Ron Paul.
The Revolution strongly encourages a libertarian approach to return to “the principles of our Founding Fathers".
These principles include: liberty, self-government, the constitution and a non-interventionist foreign policy.
Note: Also available as an audio book
This is considered Any Rand’s greatest work. It explores what would happen if the titans of industry went on strike because they have been exploited by increasing government regulation and taxation.
The charge is led by John Galt. He describes the mission as “stopping the motor of the world”. Although first published in 1957 this book rings true today.
Note: Also available in an audio book.
Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse -- Thomas E. Woods Jr.
If you are fed up with Washington boondoggles, and you like the small-government, politically-incorrect thinking of Ron Paul, then you'll love Tom Woods's Meltdown.
In clear, no-nonsense terms, Woods explains what led up to this economic crisis, who's really to blame, and why government bailouts won't work.
The Austrian School of Economics – Economic Resources
Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics—Henry Hazlitt
This book is a million copy seller by Henry Hazlitt (of the Austrian School of Economic thinkers).
Hazlitt was an economic thinker, economist, journalist and founding VP of the Foundation for Economic Education. The book is a classic economic primer (written in 1946) and professes modern libertarian economics—the same as Ron Paul and others.
Hazlitt focuses on non-government solutions, anti-deficits and a strong emphasis on free markets. He stresses the dangers of government intervention.
The Road to Serfdom: Text and Documents--The Definitive Edition—Frederick Hayek
First published in 1944 the Road to Serfdom is a classic in political philosophy.
Frederick Hayek (of the Austrian School of Economic thinkers) believed that the collectivist idea of empowering government with increasing economic control would lead to the horrors of Nazi Germany and Fascist Italy…not to the promised utopia.
Final Thoughts on Economic Resources
These economic resources are a great start to learning about basic economics. Continue your education by visiting resources referenced within this material.
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