(Part 2) Best public finance books according to redditors
We found 95 Reddit comments discussing the best public finance books. We ranked the 32 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.
in all seriousness check these out
https://www.amazon.com/Technical-Analysis-Complete-Financial-Technicians/dp/0134137043/ref=pd_lpo_sbs_14_img_0?_encoding=UTF8&psc=1&refRID=D74P3MCZFQVYMZ4PBFT9
https://www.amazon.com/Encyclopedia-Technical-Market-Indicators-Second/dp/0070120579/ref=pd_sim_14_33?_encoding=UTF8&pd_rd_i=0070120579&pd_rd_r=WXSXAV2Q884X3RWTYDP1&pd_rd_w=uoVZY&pd_rd_wg=hgPmk&psc=1&refRID=WXSXAV2Q884X3RWTYDP1
https://www.amazon.com/Complete-Guide-Futures-Market-Fundamental/dp/111885375X/ref=sr_1_3?s=books&ie=UTF8&qid=1492128977&sr=1-3&keywords=jack+d+schwager
https://www.amazon.com/Options-Futures-Other-Derivatives-9th/dp/0133456315/ref=dp_ob_image_bk
https://www.amazon.com/Option-Volatility-Pricing-Strategies-Professional/dp/0071818774/ref=sr_1_1?s=books&ie=UTF8&qid=1492129026&sr=1-1&keywords=sheldon+natenberg+option+volatility+and+pricing
https://www.amazon.com/Bible-Options-Strategies-Definitive-Practical/dp/0133964027/ref=sr_1_1?s=books&ie=UTF8&qid=1492129036&sr=1-
Go read the The Volatility Machine by Michael Pettis along with his blog which is also very useful.
He tends to primarily write about the Chinese capital markets but naturally there is going to be a lot of overlap between that and the US dollar as the reserve currency.
Some books I've enjoyed:
Just saw your edit that you're talking about estate taxes. Your dad needs to talk to an estate planning lawyer (even aside fro this windfall). The estate tax exemption is currently $11.2MM, though that could certainly go down. There are also state laws that need to be considered. And you need to keep in mind that when assets are gifted rather than inherited, the basis doesn't get stepped up.
There are a variety of estate planning techniques that are beyond the scope of this sub that he should be considering (Crummey trust, ILIT, etc) but a professional with full insight into the situation should discuss these with your father.
I also like this book to help frame the conversation: https://www.amazon.com/Beyond-Grave-Revised-Updated-Children/dp/0062336223/
How mathy are you trying to get? Currently taking a Machine Learning/AI Independent study course for my masters. The class is split into three parts:
Part 1: Multivariate Statistics based on "Multivariate Statistical methods" by Donald F. Morrison, with Schaum's Outline of Statistics as supplemental material.
Part 2: Pattern Recognition and Machine Learning by Christopher Bishop
Part 3: Introduction to Artifical Intelligence by Phillip C. Jackson
Multivariate Statistics
Machine Learning
AI
If you want a more technical look at Chinese economic history, I recommend the following books rather than the general survey book he is recommending.
Taxation and Governmental Finance in Sixteenth-Century Ming China
1587, A Year of No Significance: The Ming Dynasty in Decline
Note: The Chinese version of this book (under the title 萬曆十五年) is EXTREMELY popular in China the number reviews it has on douban (52K and counting) exceeds most pop fiction books, and it is often used as textbook in Chinese colleges.
China: A Macro History
For more detail on the 1993 Chinese tax reform, which is instrumental in reinstating financial stability in China (There was an anecdote in a interview with former tax director on this subject where the finace minister has to beg provential government for loans to the central governent; where he would have literal kneeled on the floor had the former vice chairman and one of the founders of the republic not intervened joined the begging, thus embarrassed the governors to cough up the loan) and fund infrastcture built-out from the late 1990s to today.
Here's an article that talks about this from the National Review of all places, which draws on data from a variety of sources, most notably Wealth and Welfare States: Is America a Laggard or Leader? (which is actually a left-leaning source which argues that we are spending our money inefficiently; ironically, the NR makes the same argument, but from a right-leaning standpoint).
The US spends a fuckton of money on welfare. Indeed, a family of four in poverty can expect to get somewhat north of $17k/year in benefits from the government between food stamps, rent subsidies, and medicaid, which is comparable to what you see in Switzerland or Norway (once you take purchasing power into account). The different countries give these benefits in different ways, but it ends up coming out quite similarly.
> Spending doesn't equal a good net
Well, if you look at how well off poor people are materially, they're pretty well-off in the US - better off than in most of Europe.
I'm not sure how else you could meaningfully measure it.
Economists generally think corporate taxes are bad ideas. There is a broad consensus on this. While there is no broad consensus on 'economic policy' (which is laughably broad), there is a consensus on corporate tax rate. Read an economics books on taxation. I remember this one is good https://www.amazon.ca/Economics-Taxation-Bernard-Salani%C3%A9/dp/0262016346
"Statistical Models and Methods for Financial Markets"
Edit: This might be more mathematical than you need or would like. I like the book though.
https://www.amazon.com/Principles-Auditing-Other-Assurance-Services/dp/1259916987/
https://www.amazon.com/dp/0393624854/
https://www.amazon.com/Mastering-Maribeth-Assistant-Professor-Geology/dp/1259929655/
https://www.amazon.com/Lone-Star-Politics-Tradition-Transformation-ebook/dp/B07C6JG56L
https://www.amazon.com/Lone-Star-Tarnished-Critical-Politics/dp/1138562696/
https://www.amazon.com/Examples-Explanations-Criminal-Richard-Singer-ebook/dp/B07CLGPC88
https://www.amazon.com/Basics-Public-Budgeting-Financial-Management/dp/0761869751/
Need all these. Please PM me and provide your prices. Would need some more soon.
TIA
The suggested reading in the back of Ron Paul's book, "End The Fed" lists:
There are others, but I'm too lazy to type them in. If you want, I'll scan the pages and put something on IMGUR.
First, radical movements may or may not have religious elements, but they always do
False. Here are some examples: Black Panthers, New Black Panthers, The Weathermen, IRA, PIRA, Baader-Meinhoff, Sovereign Citizen Movement, Red Brigades, Japanese Red Army, Shining Path, ETA, Tamil Tigers, Revolutionary Struggle, PKK, Posse Comitatus. A simple google search on nationalist-terror or securlar-terror terrorist organizations will prove my point.
Second, you seem to be implying that the motives of radical movements can't be entirely based on religion
Damn right I am. A fine example of that is the battle between elites within the different virds or brotherhoods of Islam in Dagestan. This is a battleground where over 32 ethnicity vie for control over ancestral land, where Salfi, Suffi, and Wahhabist clans assasinate each other's imams yet maintain, as Envir Kisriev describes as "ethnoparties" (groups which are multi-ethnic, multi-confessional in nature) that are radical in nature yet escape the bounds of what particular version of Islam they practice. Source: Envir Kisriev's book.
Third, you seem to be implying that the 'haves' and 'have-nots' can't be aligned based on religious ideology
Again, damn right I am. The perfect example of this is the historical account of how Wahhabism became so powerful in Saudi Arabia. I won't recount it as it is too long but Ibn Abd al-Wahhab was actually chased out of several areas for preaching such a radical form of Islam. Because Saudi Arabia at the time practiced a more Suffi-magical form of Islam at the time, they thought he was radical (and he was). There was nothing religiously uniting as he burned down religious relics and aligned himself with the Saud family and waged war on everyone.