Good heavens, I almost missed this spin. I was going to change up my Classics Club list as the list I had wasn’t really targeting my top reads but there’s no time to do it now, so I’ll go with the original.
Classics Club Spin #39
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Author Archives: Cleo
The Road to Serfdom by F.A. Hayek
“When the course of civilization takes an unexpected turn — when, instead of the continuous progress which we have come to expect, we find ourselves threatened by evils associated by us with past ages of barbarism — we naturally blame anything but ourselves.”
I suspect that you would call The Road to Serfdom F.A. Hayek’s magnum opus. It was written in 1944 towards the end of the Second World War, when countries had been exposed to various socialist political experiments and the effect they had on the countries that adopted them were very, very evident. But Hayek did not take for granted that people’s common sense would see the dangers. He was well aware of the hazards socialism still posed with its pernicious ideology and promises of a better future where everyone would be equal, the rich would pay their fair share, and all would be secure within the society.
Whatever Happened to Penny Candy? Dollars, Money and Legal Tender
Whatever Happened to Penny Candy? by Richard J. Maybury
4. Dollars, Money and Legal Tender
There is no subtler, or surer means of overturning the existing basis of society than to debase the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which only one man in a million is able to diagnose. ~ John Maynard Keynes, 1883-1946, Economist
We think that the slip of paper that says “One Dollar” (or coin, in Canada) in our wallet is actually a dollar but we are mistaken. The one-ounce silver ingot the author has on his desk is actually a dollar. Why? Well, let’s see where the dollar came from ……
Classics Club Spin #38
I have no idea what’s going on with these spins. But I keep doing them and if I look back, I think I’ve finished books that I’ve spun, but not necessarily on time. In any case, I’m making my way through my Classics Club list and that’s the point, right?
Whatever Happened to Penny Candy?: Inflation
Whatever Happened to Penny Candy? by Richard J. Maybury
3. Inflation
You have to choose (as a voter) between trusting the natural stability of gold and the honesty and intelligence of members of the government. And with due respect for these gentlemen, I advise you, as long as the capitalist system lasts, to vote for gold. ~ George Bernard Shaw
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Supply and Demand: Who will first reach that clump of grass?
Whatever Happened to Penny Candy? Tanstaafl, the Romans and Us
Whatever Happened to Penny Candy? by Richard J. Maybury
2. Tanstaafl, the Romans and Us
The question, whether one generation of men has the right to bind another, seems never to have been started …. [I believe] no generation can contract debts greater than may be paid during the course of its own existence …. The conclusion then, is, that neither the representatives of a nation, nor the whole nation itself assembled, can validly engage debts beyond what they may pay in their own time. ~ Thomas Jefferson
During the 1970s and early 1980s, many western countries experienced double-digit inflation. Even Japan had double-digit inflation. Double-digit inflation means that each year prices are rising at 10% or more. So, for example, if a coffee cost $1.00, it would cost $1.10 the following year. Inflation this serious and far-reaching had not happened in the U.S. since the country had become a nation. However, we have an example from Roman times of where this type of inflation occurred and we can see the trouble it caused.
Whatever Happened to Penny Candy: Money: Coins and Paper
Whatever Happened to Penny Candy? by Richard J. Maybury
Money: Coins and Paper
There is so much talk about money and inflation and recession in the world lately. These important topics affect our daily lives yet it seems that few people actually know how they work, including myself. So with a vague idea that inflation isn’t directly driven by what we’re being told in the news, I decided to learn more. What Ever Happened To Penny Candy by Richard J. Maybury is a simple yet highly educational book on economics that will assist you in your career, business, investments and money strategy. It will also give you tools so you don’t have to blindly rely on what others tell you. Forewarned is forearmed. I’ll be posting chapter by chapter and the first is: Money: Coins and Paper.
The Railway Children by E. Nesbit
“They were not railway children to begin with.”
And they weren’t. To begin with, Roberta, Peter and Phyllis lived with their parents in London in a nice house with servants and virtually anything they desired. But one day there is a knock on the door and the whole family’s life is turned upside down.
The Listerdale Mystery by Agatha Christie
The Listerdale Mystery: “Mrs. St. Vincent was adding up figures.”
Detective: None, as these are various tales of murder & suspense
Published: June 1934
Length: 192 pages
Setting: various
Great Expectations by Charles Dickens
Great Expectations: “My fathers’ family name being Pirrup, and my christian name Philip, my infant tongue could make of both names nothing longer or more explicit than Pip.”
In the mid-19th century, in a marshy area of Kent, Philip Pirrup, or Pip as he was called, lived with his crotchety, abusive sister and her husband, a loveable, yet rather simple blacksmith named Joe. While Pip attempts to avoid his sister’s wrath, a wrath that she appears to happily cultivate, he also forms a deep attachment and friendship with Joe, who equally enjoys Pip’s company.