David Gordon–Five Best Books on the Current Crisis–Video

Posted on December 6, 2009. Filed under: Blogroll, Communications, Economics, Education, Employment, Fiscal Policy, government spending, history, Investments, Language, Law, liberty, Life, Links, People, Politics, Quotations, Raves, Regulations, Security, Video, Wisdom |

Five Best Books on the Current Crisis

1. What has Governmet Done To Our Money?
By Murray Rothbard


2.  Early Speculative Bubbles and Increases In The Supply of Money
By Douglas E. French


3.  Politically Incorrect Guide to The Great Depression and The New Deal

By Robert Murphy

4. Meltdown

By Tom Woods


5. End The Fed

By Ron Paul

I would add one more to the list that Ron Paul recommends as well”

6.  Obamanomics

By Timothy P. Carney



Background Articles and Videos

Murray Rothbard

“…Murray Newton Rothbard (March 2, 1926 – January 7, 1995) was an American intellectual, individualist anarchist,[1] author, and economist of the Austrian School who helped define modern libertarianism and popularized a form of free-market anarchism he termed “anarcho-capitalism”.[2][3] Rothbard wrote over twenty books.

Building on the Austrian School’s concept of spontaneous order in markets, support for a free market in money production and condemnation of central planning,[4] Rothbard sought to minimize coercive government control of the economy. He considered the monopoly force of government the greatest danger to liberty and the long-term wellbeing of the populace, labeling the State as nothing but a “gang of thieves writ large” – the locus of the most immoral, grasping and unscrupulous individuals in any society.[5][6][7][8]

Rothbard concluded that virtually all services provided by monopoly governments could be provided more efficiently by the private sector. He viewed many regulations and laws ostensibly promulgated for the “public interest” as self-interested power grabs by scheming government bureaucrats engaging in dangerously unfettered self-aggrandizement, as they were not subject to market disciplines which would quickly eliminate such parasitic inefficiencies if they were to occur in the competitive private sector.[9][10][11]

Rothbard was equally condemning of state corporatism. He criticized many instances where business elites co-opted government’s monopoly power so as to influence laws and regulatory policy in a manner benefiting them at the expense of their competitive rivals.[12]

He argued that taxation represents coercive theft on a grand scale, and “a compulsory monopoly of force” prohibiting the more efficient voluntary procurement of defense and judicial services from competing suppliers.[13][6] He also considered central banking and fractional reserve banking under a monopoly fiat money system a form of state-sponsored, legalized financial fraud, antithetical to libertarian principles and ethics.[14][15][16][17] Rothbard opposed military, political, and economic interventionism in the affairs of other nations.[18][19]


Bubble Economics: The Illusion of Wealth

By Doug French

“…Mises wrote

If the crisis were ruthlessly permitted to run its course, bring about the destruction of enterprises which were unable to meet their obligations, then all entrepreneurs — not only banks but also other businessmen — would exhibit more caution in granting and using credit in the future. Instead, public opinion approves of giving assistance in the crisis. Then, no sooner is the worst over than the banks are spurred on to a new expansion of circulation credit.

And that’s where we are today. That’s exactly what the Obama administration, and Ben Bernanke at the Fed, are trying to do.

There was a Treasury secretary, once upon a time, in 1929, named Andrew Mellon. He said to Herbert Hoover,

Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate.… It will purge the rottenness of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people.

Herbert Hoover did not listen to Andrew Mellon. And believe me, Tim Geithner is no Andrew Mellon.”


Money, Banking and the Federal Reserve


The Incredible Bread Machine Film

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Frederic Bastiat–The Law–Videos

Yaron Brook–Videos

Friedrich Hayek–Videos

Henry Hazlitt–Economics In One Lesson–Videos

The Great Depression and the Current Recession–Robert Higgs–Videos

Milton Friedman–Videos

Milton Friedman on Education–Videos

Ludwig von Mises–Videos

Robert P. Murphy–Videos

The Fountainhead, Atlas Shrugged and The Ideas of Ayn Rand

Murray Rothbard–Videos

Rothbard On Keynes–Videos

Peter Schiff–Videos

Schiff, Forbers and Bloomberg Nail The Financial Crisis and Recession–Mistakes Were Made–Greed, Arrogance, Stupidity–Three Chinese Curses!

L. William Seidman on The Economic Crisis: Causes and Cures–Videos

Amity Shlaes–Videos

Julian Simon–Videos

Thomas Sowell and Conflict of Visions–Videos

Thomas E. Woods, Jr.–Videos

Banking Cartel’s Public Relations Campaign Continues:Federal Reserve Chairman Ben Bernanke On The Record

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