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Essential Reading

In order to hang onto your money, it is essential that you understand money, what sound money is, and why sound money lays the foundation for prosperity. Conversely, you must understand the dangers of unsound money. And, it is important to know that special interests benefit handsomely by causing society not to understand money so that they can introduce the unsound money that benefits their special interests.

This list is not by any means complete, and it will be added to as time passes. Still, I maintain that reading as few as five selections will put you heads and shoulders above today’s college graduates when it comes to understanding money (and economics.)

I know this because I am a college graduate who learned nothing about money and very little about economics in college. I’ve confirmed this assertion by talking with hundreds of other college graduates.

The selections are in three groups: primers, intermediate and scholarly. This is not to say that the primers and the intermediate books are not scholarly written, but that the books under the scholarly list are deserving of higher education study.

Finally, the books are not “rated” by the position in which they are listed.

Bill Haynes
University of Colorado, 1973

Gold, Peace And Prosperity. The Birth of a New Currency

Author: Ron Paul
Published Date: April 7, 2011
Number of Pages: 111

Ron Paul — the leading champion of sound money in the Congress — explains here why sound money means a new gold standard. Writing in the clearest possible terms, Paul explains the basics of paper money and its effects of...

The Last Gold Rush Ever

Author: Charles Goyette and Bill Haynes
Published Date: October 27, 2020
Number of Pages: 240
The Last Gold Rush…Ever! Co-authored by CMI Gold & Silver owner, Bill Haynes, makes a powerful case that the US dollar and the global monetary system are headed for a world-changing crisis, describes the ways it will unfold, and explains...

The Mainspring of Human Progress

Author: Henry Grady Weaver
Published Date: 1992
Number of Pages: 324
The true story of progress for the human race with acute understanding of the fundamental causes: freedom and capitalism, which led to unimaginable creativity and the spreading and creation of wealth, which has not occurred under any other system....

Memoirs of Extraordinary Popular Delusions and the Madness of Crowds

Author: Charles MacKay
Published Date: 1841
This is the bible on bubbles. The Mississippi Scheme, the South Sea Bubble and the Tulipomania chapters deal not only with human emotions that result in bubbles but also the inflation that is necessary for bubbles to happen....

The Monetary Sin of the West

Author: Jacques Rueff
Published Date: 1972
Number of Pages: 214
Rueff, a financial advisor to Charles de Gaulle when he was president of France, played a significant role in forcing Nixon to abandon the gold exchange standard in 1971. France and other European nations were redeeming U.S. dollars at a...

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