(Part 2) Best money & monetary policy books according to redditors
We found 504 Reddit comments discussing the best money & monetary policy books. We ranked the 115 resulting products by number of redditors who mentioned them. Here are the products ranked 21-40. You can also go back to the previous section.
they don't own them - they're paying monthly. You're putting your cash aside, they're putting it in to a mortgage. Over the long haul, it might pan out for them, but for many, mortgages in the short term haven't been good, landing many people 'underwater' so to speak.
You've just paid off a bunch of debt, have a bit more to go, but are saving cash. You've got $42k in savings - in a year you'll have $78k (more, assuming some upward trend in your investments). You'll be at $80k. Count your car - $10k? That's 90k. You'll be nearer that $100k mark faster than you might think, and the compounding effects will take hold in the next couple of years.
As boring as this sounds, keep at it. You're doing well.
There's a difficult truth we ignore when looking at others' situations - we rarely see what's going on behind the doors. I had a friend making pretty good money - $120k or so - moderate-cost suburban midwest - two kids, wife, nice cars, nice big house (finished basement). I've been jealous for years. He confided in me a couple years back that they're basically broke - he can't leave his job, they're living check to check, his wife overspends regularly, they've had credit cards cancelled, had to borrow $500 from family as a down payment on a new refrigerator, and more. He can't seem to save a penny on $120k. And he's trapped. And miserable. And no one could tell by looking at the happy family with 2 cars, 2 kids, nice house in the 'burbs.
As corny as this sounds, bond with your wife, friends and family. Stay strong in them. Your job/financial situation may change for the worse, or it may improve a lot. But if you're not solid and on the same financial page as your wife, things will get really bad - if you think you're struggling now, imagine having a wife that was spending $3k/month without telling you about it, racking up secret debt.
Again, it's hard to see some of this now, but you're really not in such a bad place. Consider seeing if you can move to someplace a bit nicer away from the heroin junkies in the street - going from $1100/month rent to $400k house is a jump lots would like to make, but is a bit extreme. Look hard for something that's, say, $1500/month. You can easily afford that, you'll have a nicer environment, and it may help change your perspective on your situation.
EDIT: Good book to put this in perspective: http://www.amazon.com/Green-With-Envy-Financial-Happiness/dp/B003GAN1XE
If you send me your address, I'll send you a copy.
If I may - I humbly recommend to read a proper book on bitcoin, not some fluff piece.. Just assuming from the way that you chose your post title that you might be interested in a more substantial bitcoin reading :) Please ignore if that's not the case, don't wanna ruin your reading pleasure or anything.
Economic perspective: The Bitcoin Standard - The Decentralized Alternative to Central Banking
Not technical at all, very beginner friendly, but also not a lot of practical information: The Internet Of Money
Gently technical, beginner friendly: Inventing Bitcoin: The Technology Behind the First Truly Scarce and Decentralized Money Explained
Technical deep dives:
Thats how carriage agreements work, and how bandwidth works for distributors. Basic telecom/ content distribution and TV industry stuff.
Edit: If you're interested in this stuff, this book is a bit dated, and very academic and focused more on finances, but its pretty solid: Entertainment Industry Economics by Harold Vogel.
Although from what I remember it doesnt hit distribution too hard (its got a lot about how telecoms operate financially instead), you may be better to find a specific content distribution book, which may give sample carriage agreements.
Sure there are.
Although Taleb is not strictly an Austrian economist, his book The Black Swan contains a lot of Austrian insights on probability, uncertainty, risk, public choice insights (regarding govt, the Fed, and financial markets in general). He quotes Hayek and other Austrians approvingly throughout.
Also of interest would be Benjamin Graham's The Intelligent Investor. Not an Austrian by any means, but his value-investment approach is consistent with Austrian theories on the firm and his comments about uncertainty and forecasting could have nearly been written by Mises himself.
This being a public internet forum, it suffers as any large group of lay people would, you just can't expect there to be any standard of quality in who is commenting. I hate to be a pessimist but I really feel like, the larger the group of people, the more uninformed the majority view will be. A mass audience of lay people when confronted with technical material just will not have anything to say. You could take the highest quality economic analysis and go to a shopping mall and wave it around, and the best possible outcome is people being silent and considering it. Listening to everyone's opinion is not going to teach you anything.
Yeah for sure, my favorite casual audience book is this one
For websites I am obviously partial to this subreddit =P The sidebar has many links to commentary straight from economists (a daily sample of which is posted as threads here), so if you read them over time you will gain a better understanding. The much more important point is to just avoid, avoid, avoid mainstream media and journalist attempts at covering economics. Sometimes it's just bad, but other times it is downright misinformation with political motivations. Journalists are not economists, they don't want you to remember that.
These two books I recently read were on-topic and very good.
Green With Envy
Millionaire Next Door
All of it is wrong and reflects a fundamental misunderstanding of how the current global monetary system functions in practice.
I wouldn't know where to begin. Your post indicates that you don't even understand the Bretton Woods system, it's historical and political context, or really anything pertinent about it. Therefore, you are simply not knowledgeable enough to critique it.
As I said, read a textbook. I can recommend some for you if you are interested, but otherwise, I wouldn't want to waste my time. There are also good lay person oriented books you can read such as this.
My apologies for the seemingly harsh tone.
I would add that Yan's book is in our Additional Resources section.
Our aim was to make the book very approachable and not intimidating. It's shorter than a lot of other books and meant to give someone who reads it enough information to understand why it matters.
Socialism/Communism
A People's History of the World
Main Currents of Marxism
The Socialist System
The Age of... (1, 2, 3, 4)
Marx for our Times
Essential Works of Socialism
Soviet Century
Self-Governing Socialism (Vols 1-2)
The Meaning of Marxism
The "S" Word (not that good in my opinion)
Of the People, by the People
Why Not Socialism
Socialism Betrayed
Democracy at Work
Imagine: Living in a Socialist USA (again didn't like it very much)
The Socialist Party of America (absolute must read)
The American Socialist Movement
Socialism: Past and Future (very good book)
It Didn't Happen Here
Eugene V. Debs
The Enigma of Capital
Seventeen Contradictions and the End of Capitalism
A Companion to Marx's Capital (great book)
After Capitalism: Economic Democracy in Action
Capitalism
The Conservative Nanny State
The United States Since 1980
The End of Loser Liberalism
Capitalism and it's Economics (must read)
Economics: A New Introduction (must read)
U.S. Capitalist Development Since 1776 (must read)
Kicking Away the Ladder
23 Things They Don't Tell You About Capitalism
Traders, Guns and Money
Corporation Nation
Debunking Economics
How Rich Countries Got Rich
Super Imperialism
The Bubble and Beyond
Finance Capitalism and it's Discontents
Trade, Development and Foreign Debt
America's Protectionist Takeoff
How the Economy was Lost
Labor and Monopoly Capital
We Are Better Than This
Ancap/Libertarian
Spontaneous Order (disagree with it but found it interesting)
Man, State and Economy
The Machinery of Freedom
Currently Reading
This is the Zodiac Speaking (highly recommend)
The Dao of Capital: Austrian Investing in a Distorted World by Mark Spitznagel
>You could write a book on the last two years of bitcoin.
https://smile.amazon.com/dp/178074658X/ref=cm_sw_r_tw_dp_x_XdmDzb0Y5NND3
"Globalizing Capital" by Barry Eichengreen gives a great history of international monetary systems and how countries have slowly moved to globalization for their own prosperity and stability.
this book is a good start and the source of the franklin quote:
http://www.amazon.com/Web-Debt-Shocking-Sleight-Trapped/dp/0979560802?tag=viglink20513-20
Well that book I mentioned just came out and I think it looks pretty interesting. My all time favorite casual econ book though is this one if you're taking suggestions.
I'd of course also be curious if other people have ideas, I might end up just making another thread for this
Thanks for keeping an open mind. I’m one of the main characters in these best selling books #1, 2 and they do a great job covering my involvement. If you read either one, you will never questions my dedication to the space again.
Day Trading and Swing Trading the Currency Market by Kathy Lien (a free pdf is available online, I didn't link it so it doesn't get too much notice and is taken down) is also a great book to start with, for beginners especially. She goes into fundamental analysis to some extent, and there is a very helpful formal approach she discusses in Chapter 8, on how to develop a trading plan.
StockCharts has some great articles. There was one by Andrew Aziz, I think, on studying candlesticks in charts. Or it can be that people are just blatantly copy-pasting. I have seen Kathy Lien's chapters ripped off and claimed by some other authors as their own.
If you want to start to become a developer and review code than here is where to start-
https://bitcointechtalk.com/a-gentle-introduction-to-bitcoin-core-development-fdc95eaee6b8
https://bitcointechtalk.com/contributing-to-bitcoin-core-a-personal-account-35f3a594340b
https://bitcoincore.org/en/contribute/
https://bitcoin.org/en/development#code-review
https://bitcoin.org/en/bitcoin-core/contribute/
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2019-July/
https://github.com/bitcoin/bitcoin/blob/master/CONTRIBUTING.md
https://programmingbitcoin.com
Learn more -
https://www.lopp.net/bitcoin-information.html
https://www.lopp.net/lightning-information.html
https://10hoursofbitcoin.com/
http://bitcoinrabbithole.org/
https://www.amazon.com/Programming-Bitcoin-Learn-Program-Scratch/dp/1492031496
https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388/ref=sr_1_6?keywords=bitcoin&qid=1564057274&s=books&sr=1-6
https://www.amazon.com/Grokking-Bitcoin-Kalle-Rosenbaum/dp/1617294640/ref=sr_1_20?keywords=bitcoin&qid=1564057274&s=books&sr=1-20
On a similar vein, there have been several books on the subject. Here's a blog http://thehollywoodeconomist.blogspot.com/
Books
http://www.amazon.com/dp/B008SLP25Q
http://www.amazon.com/Movie-Business-Book-Third-Edition/dp/0743219376/ref=pd_sim_b_6
http://www.amazon.com/Entertainment-Industry-Economics-Financial-Analysis/dp/1107003091/ref=pd_sim_b_7
If no other avenues are finding you the information, and the books are too much to look at, why don't you try and see if there are articles in journals by the authors of those books, or see if you can track down the reference material used in the books.
No Problem, although I would argue there is little evidence that neutrality of money is true, from the wikipedia,
>U.S. National Bureau of Economic Research member and International Monetary Fund chief economist Olivier Blanchard has said, there is no real evidence: "All the models we have seen impose the neutrality of money as a maintained assumption. This is very much a matter of faith, based on theoretical considerations rather than on empirical evidence."[8] Recognition of the short-run non-neutrality of money led to the development of the New Keynesian class of macroeconomic models.
Empirical studies have shown that money is neutral in the long-run.[9] Nonetheless, it is also true that the way in which money is supplied today, i.e. through debt, is actually affecting the economy and pushing for growth, both in the short and in the long run (see Critics to fractional reserve banking). It can therefore be argued that while sound money is neutral over the long term, fiat money is not.
That is, our current fiat based monetary system, the currency is not neutral in the long term. This is one of the base arguments for Austrians. Our current system pretty much assumes that is true despite very little to no evidence. Its an interesting debate nevertheless. If you want to read more on Mises, specifically on Money and Credit (he wrote a lot about human interaction in the market place, as well as politics and monetary systems), i would suggest The Theory of Money and Credit - 1912. But personally, my favorite book by Mises is Human Action - 1949.
Here is his Bitcoin book in [Amazon]
(http://www.amazon.com/Bitcoin-Big-Bang-Alternative-Currencies/dp/1118963660/ref=sr_1_1?ie=UTF8&qid=1418454358&sr=8-1&keywords=bitcoin+big+bang&pebp=1418454848358)
Read Books about trading and technical analysis. They really helped me with the psychology aspect of trading as well. I started with this. Tons of books out there on trading.
You could go to a local coin club meeting in Austin and they could help you go through some of the pieces to find their value. Austin Coin club. You could also buy a Red Book from Amazon for the coins and I'm sure there is a similar book for the paper money. Interested to see what you have.
Encyclopedia of Physical Bitcoins and Crypto-Currencies https://www.amazon.com/dp/0995089906/ref=cm_sw_r_cp_api_zJwIxbRY09P00
You can also send a PM to user minerjones on bitcointalk to arrange payment in BTC. He's the U.S distributor for the book and is a trusted dealer of physical bitcoins.
The Bitcoin Standard
You literally are arguing that the IS government should go the Venezuelan route of monetary policy.
Have you ever read Von Mises Theory on Money and Credit?
The Theory of Money and Credit (Lib Works Ludwig Von Mises CL) https://www.amazon.com/dp/0913966703/ref=cm_sw_r_cp_api_i_HA7PCbY8XF7VW
Honestly most people shouldn't need to care exactly how the actual technology works, otherwise it will fail.
What is important about Bitcoin is basically summarized in the Introduction section of the whitepaper, but there are other resources (books, videos) that can help a great deal.
Maybe try this:
https://www.amazon.com/Whats-Big-Deal-About-Bitcoin-ebook/dp/B00RF3BQDU
It's on the resources list at https://derekmagill.com/bitcoin/ , which honestly contain many deeper level links not very suitable for general introduction.
I am in particular searching for an early good video about 'What is Bitcoin', but haven't found the link yet. Will post it as a reply to you when I find it.
500 bits u/tippr to experiment with
The Law - http://www.amazon.com/gp/product/1936594315/ref=as_li_ss_tl?ie=UTF8&tag=thmariwi-20&linkCode=as2&camp=1789&creative=390957&creativeASIN=1936594315
Economics in one lesson - http://www.amazon.com/gp/product/0517548232/ref=as_li_ss_tl?ie=UTF8&tag=thmariwi-20&linkCode=as2&camp=1789&creative=390957&creativeASIN=0517548232
That which is seen and is not seen - http://www.amazon.com/gp/product/1453857508/ref=as_li_ss_tl?ie=UTF8&tag=thmariwi-20&linkCode=as2&camp=1789&creative=390957&creativeASIN=1453857508
Our enemy, the state - http://www.amazon.com/gp/product/B001E28SUM/ref=as_li_ss_tl?ie=UTF8&tag=thmariwi-20&linkCode=as2&camp=1789&creative=390957&creativeASIN=B001E28SUM
How capitalism save america - http://www.amazon.com/gp/product/1400083311/ref=as_li_ss_tl?ie=UTF8&tag=thmariwi-20&linkCode=as2&camp=1789&creative=390957&creativeASIN=1400083311
New Deal or Raw Deal - http://www.amazon.com/gp/product/1416592377/ref=as_li_ss_tl?ie=UTF8&tag=thmariwi-20&linkCode=as2&camp=1789&creative=390957&creativeASIN=1416592377
Lessons for the Young Economist - http://www.amazon.com/gp/product/1933550880/ref=as_li_ss_tl?ie=UTF8&tag=thmariwi-20&linkCode=as2&camp=1789&creative=390957&creativeASIN=1933550880
For a New Liberty - http://www.amazon.com/gp/product/1610162641/ref=as_li_ss_tl?ie=UTF8&tag=thmariwi-20&linkCode=as2&camp=1789&creative=390957&creativeASIN=1610162641
What Has Government Done to Our Money? - http://www.amazon.com/gp/product/146997178X/ref=as_li_ss_tl?ie=UTF8&tag=thmariwi-20&linkCode=as2&camp=1789&creative=390957&creativeASIN=146997178X
America's Great Depression - http://www.amazon.com/gp/product/146793481X/ref=as_li_ss_tl?ie=UTF8&tag=thmariwi-20&linkCode=as2&camp=1789&creative=390957&creativeASIN=146793481X
Defending the Undefendable - http://www.amazon.com/gp/product/1933550171/ref=as_li_ss_tl?ie=UTF8&tag=thmariwi-20&linkCode=as2&camp=1789&creative=390957&creativeASIN=1933550171
Metldown - http://www.amazon.com/gp/product/1596985879/ref=as_li_ss_tl?ie=UTF8&tag=thmariwi-20&linkCode=as2&camp=1789&creative=390957&creativeASIN=1596985879
The Real Lincoln - http://www.amazon.com/gp/product/0761526463/ref=as_li_ss_tl?ie=UTF8&tag=thmariwi-20&linkCode=as2&camp=1789&creative=390957&creativeASIN=0761526463
The Road to Serfdom - http://www.amazon.com/gp/product/0226320553/ref=as_li_ss_tl?ie=UTF8&tag=thmariwi-20&linkCode=as2&camp=1789&creative=390957&creativeASIN=0226320553
Capitalism and Freedom - http://www.amazon.com/gp/product/0226264211/ref=as_li_ss_tl?ie=UTF8&tag=thmariwi-20&linkCode=as2&camp=1789&creative=390957&creativeASIN=0226264211
Radicals for Capitalism - http://www.amazon.com/gp/product/1586485725/ref=as_li_ss_tl?ie=UTF8&tag=thmariwi-20&linkCode=as2&camp=1789&creative=390957&creativeASIN=1586485725
Production Versus Plunder - http://www.amazon.com/gp/product/0979987717/ref=as_li_ss_tl?ie=UTF8&tag=thmariwi-20&linkCode=as2&camp=1789&creative=390957&creativeASIN=0979987717
Atlas Shrugged - http://www.amazon.com/gp/product/0452011876/ref=as_li_ss_tl?ie=UTF8&tag=thmariwi-20&linkCode=as2&camp=1789&creative=390957&creativeASIN=0452011876
The Myth of the Rational Voter - http://www.amazon.co.uk/gp/product/0691138737/ref=as_li_ss_tl?ie=UTF8&tag=thmariwi-21&linkCode=as2&camp=1634&creative=19450&creativeASIN=0691138737
Foutainhead - http://www.amazon.com/gp/product/0452273331/ref=as_li_ss_tl?ie=UTF8&camp=1789&creative=390957&creativeASIN=0452273331&linkCode=as2&tag=thmariwi-20
Anthem - http://www.amazon.com/gp/product/0452281253/ref=as_li_ss_tl?ie=UTF8&camp=1789&creative=390957&creativeASIN=0452281253&linkCode=as2&tag=thmariwi-20
There are of course more books, but this should last you a few years!
Oh look everybody! Roger Ver himself.
https://youtu.be/x2r3cPHANeM
Edit: For anyone looking for a bitcoin book. This one.
https://www.amazon.com/gp/aw/d/B07D81VLQH/ref=tmm_aud_title_0?ie=UTF8&qid=&sr=
It's a bit dry, but "Globalizing Capital" by Barry Eichengreen has been really enjoyable.
It gives you a brief history of global monetary systems, from metals to bimetal to gold to ForEx and then gives deeper analysis of the contemporary atmosphere. I'm not doing it justice, honestly.
Guys if you want to know what's going on with banks, and how it is exactly what your four fathers tried to avoid, read "Web of Debt":
http://www.amazon.com/Web-Debt-Shocking-Sleight-Trapped/dp/0979560802
The Dao of Capital is actually very good and entertaining.
Eustice Mullins
http://www.radicalpress.com/?p=427
http://www.amazon.com/Secrets-Federal-Reserve-Eustace-Mullins/dp/0965649210
Anthony Sutton
http://www.amazon.com/Street-Bolshevik-Revolution-Antony-Sutton/dp/089968324X
Wrongfully Accused: Jews and Bolshevism
http://www.americanthinker.com/2007/12/wrongfully_accused_jews_and_bo.html
I haven't read it yet, but Bitcoin big bang is supposed to be pretty good.
http://www.amazon.com/The-Bitcoin-Big-Bang-Alternative/dp/1118963660
https://www.amazon.com/Encyclopedia-Physical-Bitcoins-Crypto-Currencies-Ahonen/dp/0995089906
I always found this interesting.
Vibehub.io platform review:
Here is a quote from VR enthusiast Ryan Schultz and what he thought about vibehub platform.
"I found the human avatars to be, well, let’s just say “aesthetically challenged” (at least compared to other platforms such as Second Life and Sansar) and leave it at that. The oversized hands and overly-long fingers are the stuff of nightmares:
(You have to go through the avatar selection menu every time you enter a new hub. It does not appear to remember what you saved from the previous hub.)
I found the brand-new platform to be somewhat buggy, both in desktop and in VR mode. Hubs seem to take a long time to load (and I have broad bandwidth and a fast gaming computer). In desktop mode, either I could not move my avatar at all, or I could not get him to stop running. In VR mode, I found that I could move, but I could not turn. Rather a frustrating experience overall."
Crypto Coins Manipulating Your Feelings:
How VIBEhub.io Used Super Bowl LII to Pump and Dump VIBE Coin by Nathan Rees
www.amazon.com/Crypto-Coins-Manipulating-Your-Feelings-ebook/dp/B079M8PB8N
READ MEEEEEEEEE
My main attempted ventures were foreign currency exchange. It's one of the easiest to get into and relies on a mix of statistical analysis and news analysis.
Sites:
http://www.babypips.com/
Stupid name, but takes everything step by step and has great tutorial for complete newbs.
Books:
Kathy Lien writes really good books on Forex:
http://www.amazon.com/Day-Trading-Swing-Currency-Market/dp/0470377364
http://www.amazon.com/gp/aw/d/047077035X/ref=mp_s_a_1_2?qid=1464571290&sr=1-2&pi=SY200_QL40&keywords=Kathy+Lien&dpPl=1&dpID=51nNzKy09mL&ref=plSrch
My plan was to do some hardcore studying and practice using simulation sites, and once I could consistently turn a profit above 5 or 6% (less fees, etc), I would do it for real.
Good luck!
Nathan Rees
Crypto Coins Manipulating Your Feelings: How VIBEhub.io Used Super Bowl LII to Pump and Dump VIBE Coin
www.amazon.com/Crypto-Coins-Manipulating-Your-Feelings-ebook/dp/B079M8PB8N
Listen, Trump doesn't think about "lgbtq+" people. What is he going to think about? What is he going to do? You're just seeing smokescreen.
Why don't you read the foundational text on USD imperialism, written by the foremost Marxist economist in the US today:
https://www.amazon.com/Super-Imperialism-Origin-Fundamentals-Dominance/dp/0745319890/
We really don't have time anymore for emotional anti-Trump nonsense.
The USD is going to drop 25% in value. Chinese imports will become unaffordable. Congress has still not implemented any policies consistent with the 2010 IMF reforms that laid the groundwork for the return to a new Bretton Woods System.
We need, in the short term, tariffs as you don't build factories overnight. Nevermind the infrastructure.
These are complex issues, and Trump is being used to distract the masses from Congress, the banks, and the entire capitalist structure of the country that is failing to prepare for this inevitability.
You again demonstrate a poor thinking process.
So we start with a flippant insult about my production. Well, not to toot my own horn, but I actually have been creating value for the Bitcoin community for years, and I suspect I've grown the network more than 99.9% of others in this space. I've been introducing tens of thousands of people to Bitcoin through books (https://www.amazon.com/Whats-Big-Deal-About-Bitcoin-ebook/dp/B00RF3BQDU), podcasts, articles, videos, and conferences.
I mean, this introductory video alone reached 50,000+ people, and it came with the weight of a respected libertarian non-profit organization behind it: https://www.youtube.com/watch?v=AVdKgQ0jmH8 . I've been invited to speak in front of everybody from students to businessmen in multiple countries about the basics of Bitcoin. Even others in my family have been involved with and contributed to crypto. My wife was one of the first employees at Bitpay, and my brother wrote one of the first Bitcoin books and is the co-founder of OpenBazaar. Come on.
Now, we've got two possibilities:
Either way is foolish and arrogant, and it's another demonstration that your high-level technical skills are not coupled with high-level social skills or systems-thinking.