Thread 24667490

I realized i actually dont know that much about economics and the financial systems of modern countries, and i'd like to learn more about that.

Any good books on this? I thought maybe i should ask /biz/ but it has nothing to do with crypto.

>>24667490 (OP)
More historical but check out Gregory Clark's "A Farewell To Alms"

>>24667497
I'll check it out. I see that the wikipedia section of it is full of seething commies.
https://en.wikipedia.org/wiki/A_Farewell_to_Alms#Responses

>>24667490 (OP)
>economics and the financial systems of modern countries,
dont bother. It is the field most shrouded in mystery and clouded with lies and purposeful misdirections. You will never be able to come close to constructing a coherent system, so instead just do as everyone else and stick to business strategies and don't go beyond how two business interact with each other via a bank and end up paying their taxes.

>>24667490 (OP)
This comic is so fucking stupid but it made me laugh

>>24667490 (OP)
basic economics by thomas sowell . . . stinks, but it's easy to read

Split up some savings into an index fund, metal, government bonds.
Saved you the trouble of 5 years research.

>>24667497
This has nothing to do with the financial systems of modern countries or modern macroeconomics. This is a book about long-run economic history or why some countries are broke as shit and others aren't. I don't think that's what OP wants.

OP, check out Crashed by Adam Tooze

>>24667617
Sometimes boomers had the hits

>>24667847
You can't really understand modern economics without knowing the history, bud.

>>24667490 (OP)
CAPITALISM IS THE BEST

>>24667490 (OP)
COMMUNISM IS THE WORST

Picrel. I would know because I just started studying to be a financial advisor.

I received 300k from an inheritance and now for the first time in my life I'm researching this investment stuff instead of completely ignoring it
It makes me feel like a pathetic subhuman bug
I hate money and the need for it

>>24668103
nice man, can I have 1k?

>>24668042
>>24668043
alright, anon

>>24668103
Fucking congratulations man. Put most of it somewhere where you cannot waste it.

>>24668103
Lucky you. I can't inherit anything because I'm on social security.

>>24668103
Congrats. Can I hold a few grand?

>>24667490 (OP)
The Deficit Myth by Stephanie Kelton. It explains how the current dominant monetary system actually works and the potential it has. Easy to read but very informative.

>>24668042
>>24668043
This type of one dimensional, ideologically driven post is less than useless. No one wants a thoughtless tribal follower trying to explain a complex multifaceted system with different approaches. To take one example, Norway's government owns a majority of their oil industry and their tax to GDP ratio is relatively high at over 40% (compared to the USA which is around 26%), yet they have a higher GDT per capita than the USA. At very minimum, this shows that a "one size fits all" approach in the vein of "socialism bad capitalism good" just does not hold water in reality.