How You Can Profit from the Coming Devaluation

by Harry Browne

Book Overview

Now, we are facing a far greater crisis. The shift from gold and silver coins to paper money caused great concern to economists such as Harry Browne, but now today even the paper money has no value.... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 087000073X
• ISBN13: 9780870000737
• Release Date: January 1970
• Publisher: Random House Value Publishing
• Length: 189 Pages
• Weight: 1.06 lbs.

Customer Reviews

Best intro to economics I have ever read

I agree with reviewer whose heading reads "MR. BROWNE SHOULD REPUBLISH THE FIRST 78 PAGES-" . I have read many other popular intros to economics, like Hazlitt's econo in one lesson(awesome), and sowell's basic econo: a citizen's guide to the economy, and many others as well as more advanced books and I think the first 78 pages are page for page the best intro I have ever stumbled upon. Those 78 pages are all the economic knowledge needed to change the world.

Out of print, but worth buying used

Doing very well as an investor doesn't take much intelligence, just a lot of patience and a willingness to ignore fads. At the time Browne's book was first published, gold and silver were laughingstock as investments, and so was anyone who bought them. Thirty years later, we're right back to an instant replay of the Seventies. A long war, government printing money with abandon, stocks taking a beating but equity cheerleaders assuring us we won't have a ten- or fifteen-year bear market again. Browne's book is well-written, but you can save youself the money nowadays by just entering the words 'gold bull market' in your favorite Internet search engine. Paper assets go out of fashion every twenty-five to thirty years, and when they do, gold and silver do spectacularly well. That, in a nutshell, is how to profit from the coming devaluation of the U.S. dollar; sell your dollars for gold and silver, then sit tight and wait. Don't bother telling anyone, you'll just be ridiculed first and reviled later. Just like those who cleaned up by following Browne's counterculture advice when this book was on the bestseller lists in the Disco era.

MR. BROWNE SHOULD REPUBLISH THE FIRST 78 PAGES---

---AS A SEPARATE BOOK!!!It's the BEST introduction to economics ever written. I've owned a copy since the early 70's when I was in high school, and I've never beeen fooled by politician's promises ever since.I've read it several times. Much of the rest of the book is dated so doesn't need to be republished. If Harry would republish and widely distribute the first 78 pages or so of this book to all high school and college students, the politicians would have a much more difficult time fooling voters with their schemes.

So you think you understand what inflation is

I've been a good student, good in Math, the sciences, including economics, and other academic subjects. Heck, I'm even a member of Mensa. But though I didn't realize it before, it wasn't until I read this book that I really began to understand what inflation and deflation were. Somewhere in this book he says, "The government is the counterfeiter". I had to think and think for a while about what Harry Browne wrote in this book before I really - I mean REALLY - began to understand what inflation is (and I'm supposed to be intelligent). It's one of those things - you don't know that you don't understand, until you do understand. It's like those weird 3D pictures, you don't see them until you see them, and then WOW! That's what this book did for me. The book may be dated, but the lessons are eternal.

An economics primer

I read this book many years ago and still its lessons often come to mind . A very readable and understandable explanation of what money is and how the government uses the banks to fool us into thinking that money is made of paper.