Must have book!

[Vlad]

This book is a must have one! No doubts. The difficult subject explained with simplicity and as is. That's very important.

Sorry if it's off-topic but I'm also looking for the book of Portugese author Joao Ferreira "Why We Should Leave the Euro" . Seems like it also will be useful during world crisis: http://www.paxforex.com/forex-blog/th...

[Rand]

One of the best aspects of the book is the variety and scope of topics discussed. The author moves from clean water in Chad to Bjorn Borg's tax situation. This variety leads to some surprising corners of the economic landscape.

Some of my favorite observations include the point that taxes (or regulations)act as a disincentive. Of course they do, but no one seemingly uses that fact or considers the consequences. For instance, all of Obama's regulations on the lending industry will probably have a chilling affect on new lending and economic growth.

Likewise, the private sector the author notes allocates resources to the parts of the economy earning the highest returns. How devastating will that reality be to the medical equipment manufacturesr as the medical industry is affected by increased regulation. Certainly the government is not going to allow high profits.