In my late teens I began to develop an interest in this mythical beast people call "the economy". So much so, I somewhat regretably selected it as one of my majors in college. And to a lot of people, that’s exactly what "the economy" is, some leviathan mystical entity onto itself. That if we hire the smartest people from the privileged institutions to turn the right dials, there will be no money lost, and infinite prosperity for all.

That’s the thing though, the economy is just you and me and Joe, buying and selling, and producing our own goods to pursue our own wants and needs, and to better ourselves. In a free economy, no one is coerced. I don’t have to buy a particular car if I don’t want it, I don’t have to take a job if I don’t want it, I don’t have to sell my car if I don’t want to. In a free market prices are set by the highest bidder, the person who wants or needs the good or service the most, and that is how we allocate scarce resources. No governments or holy economic thinkers necessary.

In a perfect world I feel, there would be no need to study "economics". But unfortunately the statist elite have prevailed and have successfully brainwashsed the masses into believing otherwise.

While I make my own observations and intend to share them when I can, I can’t ignore the fact that I am heavily influenced by similar great Libertarian, and Austrian economic thinkers past and present. And rather than rewriting everything here to try to convince the masses that what we need is economic liberty, hopefully this brief synopsis of economics will encourage you to draw from this short reading list below that has shaped my way of economic thought.

Recommended Reading

Rothbard, Murray. Making Economic Sense. 2nd ed., Ludwig von Mises Institute, 2006.

DiLorenzo, Thomas J. Hamilton’s Curse: How Jefferson’s Archenemy Betrayed the American Revolution-- and What It Means for Americans Today. Three Rivers Press, 2008.

Schiff, Peter D., and Andrew J. Schiff. How an Economy Grows and Why It Crashes. Chichester, England: John Wiley & Sons, 2010. Print.

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Page Last Edited: Date: 2021-12-18 15:53:22