After reading many recent books on economics, this one is the most comprehensive. John takes us through the history of economic theory to the recent play-by-play events of recent world economic events. I am particularly attracted to the suggestions provided at the end of the book regarding what interventions are required in order to prevent economic upheaval for future generations. The Chicago School of Utopian Economics is DEAD. Anyone who subscribes to the unfettered capitalistic model is either a fool or has been in a comma for the past five years. John explains the importance of a hybrid economic system whereby restrictions are implemented by government in a mindful way so as not to hamper the creative energies of the free market. John Maynard Keynes
has essentially won the day, as it was his thought that Capitalism will undoubtedly fall on its ass and government will need to jump in to save the day. So TRUE. There are aspects of a free market (capitalism) that are great, but to be left on its own is the biggest of mistakes. Rules regarding executive pay and other practical restrictions have yet to be implemented in the US. If they are not implemented, we will face a repeat performance as humans are inclined to extreme greed and selfish, immoral behavior if they can get away with it. This would be an excellent text for a graduate level introduction to economics. I could listen to it 10 times and continue to learn new insights. WELL DONE JOHN CASSIDY. FANTASTIC!!
I think that Mr. Kiyosaki leaves out some of the most important information regarding his success. Becoming a young millionaire requires some investment in his business plan... maybe by "Rich Dad"? He makes it sound too easy. It DOES take money to make money and he leaves this part out of his overall picture, probably to attempt to be inspirational. Those of us who are realists attempting to follow his advice need ALL the facts, not just the gloss. He provides good information, but leaves us very short on how he actually succeeded at such a young age.
This book starts right off the bat with the author voicing her perspective that a belief in the spiritual is the answer to the world's problems. I'm extremely disappointed and wish I'd have spent my credit on another book. I was expecting an objective, historical, perspective on the worlds religions and how they have shaped, damaged and influenced the history of our species. I wasn't interested in getting a spirtual review of how religions can save the world.
If you're thinking of buying "Crash Proof", skip it and buy this great book. "Crash Proof 2.0" contains the chapters of "Crash Proof" with a 2009 update at the end of each chapter. This is a super book by Peter D. Schiff. He really called the housing bubble early, as well as the market drop. He outlined the rationale in 2006 and his predictions came true in 2007-2008 and are even now continuing to be proven accurate. In this book, he's predicting further trouble ahead. It's kind of an economic horror story with a map on how to escape the walking dead included. Now I know what to do to insure more economic security for my family, regardless of how bad things get. (and it's not buy guns, canned goods and build a bunker). Thank you for the action plan, Mr. Schiff.
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