|As the Holidays roll around again, allow me to suggest a great gift idea for friends or family who just can’t seem to come to grips with the economic basics that you and I take for granted.
As you look at the news today, especially at the student protests across the country, we see a generation that simply has no idea how wealth is created, how living standards increase, how money gains and loses value, how businesses grow, and how government interference in the economy doesn’t end well. The belief that capitalism seems to be at an all-time low and an avowed socialist is by far the most popular politician among today’s American youth.
How did this happen? Partly it is the fault of the economic decline we have experienced over the past decade, and part results from a horrible public education system that doesn’t teach economics at all. (Those who do study economics in college are exposed only to left-leaning academics.)
Given this desert of good economic ideas, my bother Andrew and I wrote How an Economy Grows and Why it Crashes, an illustrated economic fable that takes the mystery out of economics and provides people of all ages with the capacity to see through the left wing drivel that has come to so dominate the discussion. Although the book takes on serious issues, it has been widely recognized as a comic romp that engages readers of all ages, even those who never had patience with more formal treatments of the subject.
By setting the story on a primitive island with no functioning economy, we look to break down some very basic concepts, including savings, investment, capital formation, productivity, trade, employment, credit, inflation, debt, and banking. Along the way we point out the hazards of government interference and trace the origins of the current economic slump. The book is notable for hundreds of colorful, humorous illustrations, great storytelling, and lots of jokes (some better than others).
The original version of our book came out in 2010, and proved to be wildly popular. But in late 2014 we came out with an expanded and colorized “Collector’s Edition” which included two new chapters, a vastly increased format (twice as large as the original), and fully colorized illustrations. It is this “Coffee Table” version that we suggest would make a great gift.
I recently purchased a number of the “Collectors” edition from the publisher and I am making a special offer to my fans for the Holidays. For a cost of just $34 dollars, you will receive a new copy of the book signed by me. This is less than the cover price of the book. New versions of the book are selling online for more than $40 and they aren’t signed!
So do your friends and family a favor this year and give them the precious gift of understanding. The places to find it are dwindling fast.