My passion is to prepare clients' investments for the impending debt crisis. That is why I started Pento Portfolio Strategies and created the Inflation/Deflation and Economic Cycle Model. The US faces an entirely new paradigm – due to onerous debt, central banks are forced to either massively monetize the nation's debt or allow a cathartic deflationary depression to reset the economy. Our government is now compelled to seek a condition of perpetual inflation to maintain the illusion of prosperity and solvency. Our central bank is now walking the economy on a tightrope between inflation and deflation. This will require a vastly different and active investment strategy to fit the new dynamic.
This book explains the unchecked power of the Federal Reserve.
Perfect for those who don't have the time to read the 608-page The Creature From Jekyll Island. In this book, Paul explains in very simple terms that the Federal Reserve has been given absolute power over the most essential element of our economy – the price and supply of money.
Formed by a small group of powerful bankers who argued a central bank would stabilize the currency, over the past century since its creation, the Fed has not only destabilized the currency but also created a series of wealth-destroying asset bubbles.
It has also led to a trenchant and destructive wealth gap between the rich and the poor.
During the 2008 presidential campaign over 4,000 students gathered at the University of Michigan to hear Republican candidate Ron Paul speak. As he began to address the topics of monetary policy and the coming depression, a chant came from the crowd, 'End the Fed! End the Fed!' As dollar bills were set on fire, it became clearer than ever that the real problem, one that nobody in the media was talking about, was the central bank - an unconstitutional entity and a political, economic and moral disaster. Most people think of the Federal Reserve as an institution that has always…
I have an unusual personal history. I majored in math in college and aspired to a life as a scientist. However, the civil rights movement and other events of the 1960s and 1970s inspired me to switch and earn a doctorate in sociology. (Which considers itself a science.) My first faculty position, at Yale beginning in 1972, involved a joint appointment in the Sociology Department and the Institution for Social and Policy Studies, which focused on public policy. During the remainder of my career I have worked and published together with economists and sought to do research that uses the perspectives of both fields.
How many, and which individuals should be allowed to immigrate to the U.S. is a long-standing policy dilemma that people feel strongly about yet appears to have no easy solution.
Economist Borjas shows us how economists think about the issues involved. Where are we in the history of immigration to the United States? Which American industries and individuals benefit from allowing more immigrants in, and which are harmed by such a policy?
What policies would be better for the U.S. economy and the U.S. population as a whole? How are regions, states, and cities differentially affected? What trade-offs are involved in the available policy choices in this area?
The US took in more than a million immigrants per year in the late 1990s, more than at any other time in history. For humanitarian and many other reasons, this may be good news. But as George Borjas shows in this text, it's decidedly mixed news for the American economy - and positively bad news for the country's poorest citizens. Borjas reveals that the benefits of immigration have been greatly exaggerated and that, if we allow immigration to continue unabated and unmodified, we are supporting an astonishing transfer of wealth from the poorest people in the country, who are disproportionately…
My expertise in Caribbean and Chinese affairs derives from having an interest in the two regions since college, which was then pursued through a MA in Asian Studies from the University of London’s School of Oriental and African Studies and Ph.D. in Political Science from the University of Connecticut. On the employment front, I worked for 3 regional banks (as an international economist), the Office of the Comptroller of the Currency, Credit Suisse, Donaldson, Lufkin & Jenrette, KWR International, and Aladdin Capital Management (as head of Credit and Economics Research) and Mitsubishi Corporation. Since I left Mitsubishi I returned to my two favorite interests, Asia and the Caribbean.
China experts Economy and Levi wrote one of the more far-seeing books on the internationalization of China’s development and its use of economic statecraft to secure access to strategic resources, ranging from oil and gas to agricultural goods and minerals (like copper, nickel, and cobalt). Although the book was published in 2014, it has held up well, especially in that China’s quest for energy, minerals, land, and water, pursued through a mix of investment, political and military means is fundamentally changing the world. At the same time, China’s resource hunt is also changing the Asian giant, forcing it to adopt to changing global power dynamics.
In the past thirty years, China has transformed from an impoverished country where peasants comprised the largest portion of the populace to an economic power with an expanding middle class and more megacities than anywhere else on earth. This remarkable transformation has required, and will continue to demand, massive quantities of resources. Like every other major power in modern history, China is looking outward to find them.
In By All Means Necessary, Elizabeth C. Economy and Michael Levi explore the unrivaled expansion of the Chinese economy and the global effects of its meteoric growth. China is now engaged in a…
Peter Temin is an economist and economic historian, currently a professor at MIT and the former head of the Economics Department. His research interests include macroeconomic history, the Great Depression, industry studies in both the nineteenth and twentieth centuries, and ancient Rome.
I love this book for two reasons. It condenses a massive amount of economic history into a small book, and it shows how our unequal societies are backtracking to older models of the economy.
Author Greil Marcus’ phrase “the old, weird America” gave me exactly the right words for something I’ve always felt: that there is a specific weirdness to the American landscape, an uncontrollable current of strange that runs beneath the carefully cultivated surface of heroes and neighbors and shared, stable dreams. Of course, as William Faulkner observed, the past isn’t past, and America is as weird as it’s ever been. Maybe weirder. Look at the news. Look out your window. No surprise, then, that I’m drawn to such a perspective when I read other people’s stories, and seldom get completely away from it when I write my own.
A stunning assembly of archival photographs and newspaper clippings from Jackson County, Wisconsin, in the last decade and a half of the 19th century, and the definitive explanation of why nobody in old-time photographs is ever smiling—and, I choose to believe, the real reason the parts of The Wizard of Oz set in Kansas were filmed in black and white. Economic privation, unceasing bereavement, disease both physical and mental—in other words, Tuesday. Was there any joy in Jackson County? Somewhere, I’m sure. What’s documented here is a stark, powerful beauty. The most real book I’ve ever encountered, and one of two on face-out display on my bookshelves.
This book is about life in a small turn-of-the-century Wisconsin town. Lesy has collected and arranged photographs taken between 1890 and 1910. Against these are juxtaposed excerpts from the Badger State Banner, from the Mendota State (asylum) Record Book, and occasionally quotations from the writings of Hamlin Garland and Glenway Wescott.
I'm the writer and artist of the Johnny Hiro graphic novels. In those books, I use pop culture reference humor, but never simply as a joke. A reference can act as a hint to a world beyond the story the writer tells. I often dig slightly into an emotional resonance behind that reference—perhaps the (fictional) story of why it exists, or perhaps it even becomes an integral plot point. Popular media and culture often have a direct influence on our creative arts projects. And just sometimes, that art becomes an integral part of the popular culture itself.
This graphic novel is framed as an interview biography with Charlie, a 72-year-old Singaporean comics creator, as he reflects on his life. We see sketches from his old journals, and more interestingly, comics from his long and robust career. His comics start off as whimsical heroic tales about a boy and a giant robot. But as Charlie matures, he takes in the politics of Singapore—the protests, wars, and changing government. As he digests this world around him, his comics change, from action comics to comic strips to satire to autobiographical to, well, all over the board. We see his thoughts on a turbulent, evolving Singapore laced within these comics—sometimes subtlely, often overtly—as well as glimpses into his relationships and his financial struggles. This masterfully told story falls amongst my favorite comics.
A 2017 Eisner Award Winner for Best Writer/Artist, Best US Edition of International Material—Asia, and Best Publication Design Winner of the Singapore Literature Prize 2016 A New York Times bestseller An Economist Book of the Year 2016 An NPR Graphic Novel Pick for 2016 A Washington Post Best Graphic Novel of 2016 A New York Post Best Books of 2016 A Publishers Weekly Best Book of 2016 A South China Morning Post Top 10 Asian books of 2016 An A.V. Club Best Comics of 2016 A Comic Books Resources Top 100 Comics of 2016 A Mental Floss Most Interesting Graphic…
When I was contemplating a topic for my PhD thesis, it struck me powerfully that American economics was severely under-studied, and that this applied even more so to those associated with “American institutional economics.” My research soon indicated to me that the literature that did exist was lacking in coverage and badly misleading. During my research in archives, I uncovered some real gems—just one example was the archives of the Robert Bookings Graduate School, an institution largely forgotten, but famous at the time. This was exciting and inspired me to continue on to provide a major re-evaluation of American economics in the interwar period.
Mary Furner’s book presents what is the common view of progressives as liberal reformers, but there is another side to progressive social science that is less liberal.
The progressive era social science literature is replete with racism and with arguments about racial and other forms of inferiority derived from eugenics.
The vast amount of immigration from Southern and Eastern Europe gave rise to concerns about the undermining of American standards, both biological and economic, including theories of “race suicide.”
Leonard’s book has generated a great deal of discussion, and while there is no doubt that many progressives displayed eugenic and racist ideas, it needs to be stressed that such views were not limited to progressives, but included many of those with conservative and even free-market views in other areas.
In Illiberal Reformers, Thomas Leonard reexamines the economic progressives whose ideas and reform agenda underwrote the Progressive Era dismantling of laissez-faire and the creation of the regulatory welfare state, which, they believed, would humanize and rationalize industrial capitalism. But not for all. Academic social scientists such as Richard T. Ely, John R. Commons, and Edward A. Ross, together with their reform allies in social work, charity, journalism, and law, played a pivotal role in establishing minimum-wage and maximum-hours laws, workmen's compensation, antitrust regulation, and other hallmarks of the regulatory welfare state. But even as they offered uplift to some, economic…
I grew up in China during the years of the one-child policy. In 1989 I joined millions of people in the pro-democracy protests. Our hope and joy were crushed by the Tiananmen Square Massacre. A year later, I left China and came to the States. I wanted to write a story about the students’ fight but create a more meaningful arc. It took me twenty years of soul searching to find my story. At the heart of my novel Living Treasures is a metaphor for the Tiananmen Square Massacre. My heroine continues the fight by doing grassroots work and helping rural women, who are victimized by the one-child policy.
The 27 interviews in The Corpse Walkerare selected from the 60 interviews in Liao Yiwu’s book, originally titled Interviews with People from the Bottom Rung of Society in Chinese. Liao gives voices to social outcasts: a human trafficker, corpse walkers, a leper, a peasant emperor, an abbot, a mortician, a Tiananmen father, artists and shamans, crooks, even cannibals. Ironically, every one of them speaks more honestly than Chinese official media, which causes the book to be banned in mainland China. These are the stories of unsung heroes and epic tragedies, but to me, most importantly, the work that people performed, the families they raised, many lost to famines, political purges, and massacres, and the persecutors they forgave, the conscience they wrestled with, their past, present, and future—these are the remarkable stories of ordinary Chinese people from 1949 to present in their raw, unvarnished form.
The Corpse Walker introduces us to regular men and women at the bottom of Chinese society, most of whom have been battered by life but have managed to retain their dignity: a professional mourner, a human trafficker, a public toilet manager, a leper, a grave robber, and a Falung Gong practitioner, among others. By asking challenging questions with respect and empathy, Liao Yiwu managed to get his subjects to talk openly and sometimes hilariously about their lives, desires, and vulnerabilities, creating a book that is an instance par excellence of what was once upon a time called “The New Journalism.”…
Paul D. Escott is the author of thirteen books focused on the Confederacy or the Union, is co-author of other volumes, and has written many articles and book chapters. He won research fellowships from the Rockefeller Foundation and the Whitney M. Young Jr. Foundation and is the Reynolds Professor of History Emeritus from Wake Forest University.
We frequently read about the glories and historic decisions of the Civil War, but here is an eye-opening book that shows us how enormous was the civilian suffering caused by the conflict. Joan Cashin invigorates Civil War studies by treating military history, material culture, the environment, gender, and military-civilian relations from a fresh perspective. You will think about the war in a changed way after reading this fine book.
In this path-breaking work on the American Civil War, Joan E. Cashin explores the struggle between armies and civilians over the human and material resources necessary to wage war. This war 'stuff' included the skills of white Southern civilians, as well as such material resources as food, timber, and housing. At first, civilians were willing to help Confederate or Union forces, but the war took such a toll that all civilians, regardless of politics, began focusing on their own survival. Both armies took whatever they needed from human beings and the material world, which eventually destroyed the region's ability to…
We teamed up about fifteen years ago around a common interest in the political economy of North Korea; Haggard is a political scientist, Noland an economist. Both of us had spent our careers focused on Asia but looking largely at the capitalist successes: Japan and the newly industrializing countries of Korea, Taiwan, and Southeast Asia. But what about the anomalous cases in the region that did not get on the growth train? The “Asian miracle” was hardly ubiquitous…what had gone wrong? North Korea was clearly the biggest puzzle, and we ended up researching and writing on the famine, refugees, and the complexities of international sanctions.
The title of this book is doubly surprising. Is North Korea enterprising? And North Korea “in the world economy”? Isn’t it the hermit kingdom? Hastings picks up a theme that was central to our work on the famine: that the socialist sector in North Korea has undergone a secular decline while households and entrepreneurs have constructed a complex market economy that is partially above ground, partly below it. But Hastings goes further, showing how that market economy is integrally tied to China. And the book has the added attraction of focusing attention on lucrative black markets that range from amphetamine to counterfeited one hundred dollar bills.
North Korea has survived the end of the Cold War, massive famine, numerous regional crises, punishing sanctions, and international stigma. In A Most Enterprising Country, Justin V. Hastings explores the puzzle of how the most politically isolated state in the world nonetheless sustains itself in large part by international trade and integration into the global economy. The world's last Stalinist state is also one of the most enterprising, as Hastings shows through in-depth examinations of North Korea's import and export efforts, with a particular focus on restaurants, the weapons trade, and drug trafficking. Tracing the development of trade networks inside…
