Showing posts with label Steve Forbes. Show all posts
Showing posts with label Steve Forbes. Show all posts

Saturday, January 06, 2018

Top Books by Top Business Executives

Please note that this is a sister publication of WallStreetNewsNetwork ( http://WStNN.com ) and eventually everything on this site will be transferred over there.
f you are looking to be successful, look no further than several of the top people in their industries. Many of these individuals have written books about themselves and their successes.
These are all definitely worth reading:
On Success by Charles Munger

Sunday, September 14, 2014

Money: How the Destruction of the Dollar Threatens the Global Economy - and What We Can Do About It

A couple weeks ago, Steve Forbes, the chairman and editor-in-chief of Forbes Media, spoke at the Commonwealth Club in San Francisco. I had the opportunity to hear him speak and talked to him awhile beforehand. (By the way, he told me that he will not be running for U.S. President again.)

Forbes has also come out with a new book called Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It. Forbes has pinpointed the primary cause of the problems with the current economy. The book covers how we got into this mess, how we can get out of it, and what could happen if we don't do anything about it.

The book is about, what else, money. He talks about the history of money in an interesting and easy to understand way. Probably the most important chapter is Chapter 4, where he discusses how terrible inflation is, even a small rate of inflation.

In his speech, he even gave an example. He said that when Federal Reserve Chair Janet Yellen told U.S. Senators that she had an annual target inflation rate of 2%, why did not one senator ask the question, for a middle class family that spends $50,000 a year, how does increasing their expenses by $1,000 a year help that family? Forbes does not believe in inflation at all.

He said that if inflation gets out of control, which it will if something isn't done soon, it will turn into a catastrophe. But he also said that inflation isn't just a financial issue, it is a morality issue.

Fortunately, there is a solution. It is covered in Chapter 6 (I won't give it away.)

If you want to understand the debasement of the U.S. dollar and inflation, then I highly recommend that you read Money.

Sunday, September 19, 2010

How Capitalism Will Save Us

It is unfortunate that capitalism has been denigrated by uninformed people for many years, and the criticism rears its ugly head during economic crises. We keep hearing from people from other countries that move to the United States that this country is the best country in the world, and the primary reason is capitalism: allowing people to live the American Dream.

It is refreshing to read, after seeing so many doom and gloom books blaming the failure of capitalism, a new book about how capitalism is the solution and not the problem.

I was very happy to read Steve Forbes' recently released book, How Capitalism Will Save Us: Why Free People and Free Markets Are the Best Answer in Today's Economy, which very clearly shows us that capitalism is here to stay and will get us out of this mess.

Capitalism works well when governments stay out of the way. Steve Forbes explains very clearly that the solution to our economic problems is to let the free enterprise system run.

A great read that also makes a great gift, How Capitalism Will Save Us by Steve Forbes and Elizabeth Ames is the book worth getting.