For Beginners

 

Phase I: Getting a Grip on Money, Economics and Investing.

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This section provides resources for:

• Those who are lost and want to know the first thing about Money, Economics and Investing – and how they all fit together.

• Teaching your Children – or yourself

• Establishing a solid foundation for your education in Money and Economics

 

Starting Point Books

Why is Money
a) The thing that most of us worry about the most, and
b) The thing that you understand and were educated in school about the least?
Why do otherwise educated people tragically say: "I really do not understand Economics "?

In ‘Secrets About Money That Put You At Risk’ Michael McKay clearly and concisely presents the basics of this vital knowledge – and to most people missing knowledge - that we should have learned in Grade School and High School but were never taught.

This is an ABC book for Adults, as well as for Young People, on What is Money and How it Works. It will teach you The Basic Things About Money and Wealth You Must Know And Probably Do Not. This book needs to be read BEFORE you start Working, Financial Planning or Investing.

“Whatever Happened to Penny Candy?”

 _{By Richard Maybury}

This jewel-of-a-book is the best place to start understanding Money and Economics for all ages. It provides a remarkably easy and fun understanding Money, Inflation and how Economics is based on Ethics and Law. This little book is essential for every student, businessperson and investor. It has been recommended by many investment managers and former U.S. Treasury Secretary William Simon. Paperback, 192 pages. Ages 10 thru Adult.

 

Buy Here

 

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“What Has Government Done to Our Money?”

 _{By Murray Rothbard}

This is Rothbard's most famous and beautifully written monetary essay which has influenced two generations of students, economists, investors, and business professionals. He shows precisely how banks create money out of thin air and how the central bank, backed by government power, allows them to get away with it. He was the first to prove that the government, and only the government, can destroy money on a mass scale, and he showed exactly how they go about this dirty deed. This is essential reading for everyone who uses money, which is, of course, everyone.

Buy Here - OR - Read Free Here

 

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“The Law”

 _{By Frederic Bastiat}

In The Law, written in 1850, the year of his death, Bastiat recognizes the central importance of the law and morality in a free society. He was concerned that government was using the 'law' to become too active a participant in the economy whilst devoting too little attention to protecting life and liberty. The essay might have been written today. It applies in ever way to our own time, which is precisely why so many people credit this one essay for showing them the light of liberty.

 

Buy Here - OR - Read Free Here 

 

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“Fail Safe Investing”

 _{By Harry Browne}

This is one of the best, if not the best, basic books on How to Invest. Harry Browne provides 17 rules, the first of which is, "Build Your Wealth Upon Your Career." You make money with your job/career and you keep your money – and maybe make more – with your investments by building a Permanent Portfolio.
This is a fundamentally different approach from speculatively oriented schemes which emphasize trying to catch the elusive ‘brass ring’, or building wealth by going into massive debt. In fact, Rule #3 teaches you to ‘Recognize the difference between Speculating and Investing’.

The entire strategy of Harry’s Permanent Portfolio is predicated on the assumption that there will continue to be a Central Bank, aka Federal Reserve, which will continue its policy of ‘Planned Inflation’ with the result of continually debasing the American ‘Fiat’ Currency. If the Federal Reserve is ever dissolved and the USA converts to a Sound Money and Non-Fractional Reserve Banking Standard, then we might have to re-think some of the strategies offered in this book.

Until that time, this book gets our highest recommendation as essential reading for everyone who must live under a Fiat Money system, as we currently have.

Buy Here

 

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Starting Point Articles

 

• “Wealth ≠ Value ≠ Money” by Michael McKay

This short essay unravels the common confusion that most people have about these three very important concepts. You will look at Money and Wealth very differently after reading it.

Read Free Here - OR -

 

• “Monetary Ignorance = You are at Risk” by Michael McKay

This article introduces you to the four most basic, most interlocking, and most important things about money that you must know - and probably do not know.

Read Free Here - OR -

 

• “The Housing Bubble in Four Easy Steps” by Mark Thornton

Get started understanding what happened in the Market Crash of 2008.

Read Free Here - OR -

 

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Phase II: One Step at a time.

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This is a step by step course that will transform your understanding of Money, Economics, Investing – and your life. It is built on the books and articles in Phase I above.

 

Understanding Reality Economics, aka Austrian Economics, is not Rocket Science.

 

However, just like learning ABC’s, it would have been a lot easier if we would have grown up with it – so, please teach this to your kids and grandkids, and yourself most of all.

 

Also, just like learning ABC’s it is going to take some of your time – but in terms of value, this learning will empower you about money and lay the foundation for you to have your best opportunity at having a prosperous life.

 

Without this Knowledge you are at the mercy of those that know how to take advantage of your ignorance. So start here and give yourself your best shot at success.

 

Keep in mind this important note before you get started: the problem most people face is UN-learning, not learning. A great deal of the history, and therefore our paradigms, that we have been taught are just not true.

 

I'm not kidding. You can look it up. Why did this happen? It’s easy to understand. The story of History – any History- is told from the starting point of the authors belief that he understood how events were strung together. If he makes a mistake at his starting point his whole approach, his whole “lens” is flawed. Many historians were simply wrong – or flawed - before they got started.

 

Austrian Economics provides better, more integrated understanding of how all our moving parts of the Human Cooperative Process – our Human Ecology - works. From that vantage point a more accurate understanding of history is possible.

 

Most important, a more accurate understanding of our future is possible for you, thus giving you a powerful tool for longer term economic, aka life, calculation.

 

The resources in this section are a smorgasbord of selections that, taken in any order that you want, will deepen your understanding of Money, Economics and Investing, and will put powerful tools of insight in your hands. If you want to maximize your Money Potential, this section will be of great interest to you.

 

 

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Recommended Books for a Solid Foundation

 

 

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And for students who want an even deeper understanding:

 

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