A New York Times bestselling author and leading expert on market risk argues that seismic shifts in the global economy will trigger a multi-trillion-dollar migration of wealth, outlining new rules of investing for the forward-thinking. “I can’t tell you how much I learned from How to Listen When Markets Speak. The historical perspectives and insights are something every investor needs to know. Buy this book.”—Mark Cuban From Wall Street to the White House, the fantasy of an eventual “return to normal” is still alive and well, nurtured by dangerously outdated theories. But the economic world as we know it—and the rules that govern it—are over. In the coming decade, we’ll witness sustained inflation, a series of sovereign and corporate debt crises, and a thundering of capital out of financial assets into hard assets. Few are prepared. Lawrence G. McDonald, founder of the economic research platform The Bear Traps Report, got a real-world education in market risk when, as a Lehman Brothers VP, he watched the firm ignore flashing warning signs before its collapse. His analysis led him to identify twenty-one indicators for gauging the health of an economy and detecting early signals of opportunity and danger. In How to Listen When Markets Speak, McDonald unveils his unique predictive models, connecting surprising dots between past, present, and future and outlining actionable trading ideas for staying a beat ahead of the markets. Readers will learn: • How disastrous Fed policy will collide with an increasingly fragmented geopolitical landscape to keep U.S. inflation near 3-5% for the next decade • How growing demand for oil and gas, underinvestment in urgently needed energy infrastructure, and cozy Russia–Saudi Arabia relations will lift the base price of energy to historic levels • Why hard assets and rare minerals like lithium and cobalt will outperform growth stocks, U.S. treasuries, and overcrowded passive investment strategies—and how to detect bearish and bullish trends in advance • How passive investing and the vehicles intended to democratize finance have fueled bubbles and ideological skew by large market participants, leaving millions of 401(k)s and IRAs at risk • Why America will likely lose its position as a global superpower and holder of the world’s premier reserve currency, and may be forced to slash Social Security, Medicare, and military spending Rather than merely doomsaying, How to Listen When Markets Speak equips readers to make sense of our current moment, resist reactionary narratives and baseless analysis, and preserve their wealth in turbulent times. When markets speak, it pays to listen.
“Stasiland demonstrates that great, original reporting is still possible. . . . A heartbreaking, beautifully written book. A classic.” — Claire Tomalin, Guardian “Books of the Year” Winner of the Samuel Johnson Prize for Non-Fiction: a powerfully moving account of people who heroically resisted the communist dictatorship of East Germany, and of people who worked for its secret police, the Stasi. Anna Funder delivers a prize-winning and powerfully rendered account of the resistance against the German Democratic Republic’s communist dictatorship in these harrowing, personal tales of life behind the Iron Curtain—and, especially, of life under the iron fist of the Stasi, East Germany’s brutal state security force in one of history's most notorious surveillance states. In the tradition of Frederick Taylor’s The Berlin Wall and Philip Gourevitch’s We Wish to Inform You That Tomorrow We Will be Killed With Our Families, Funder’s Stasiland is a masterpiece of investigative reporting and a vital work of twentieth-century history, written with novelistic vividness and the compelling intensity of a universal, real-life story. Through meticulous reporting, Funder reveals the haunting reality of life in the GDR―a world of quiet heroes, conflicted enforcers, and the ghosts left behind by a fallen state. * A Chilling Surveillance State: Delve into the inner workings of the Stasi, a secret police force that used everything from collecting “smell samples” in jars to a vast network of informers to control the populace. * Unforgettable True Stories: Meet Miriam, who became an Enemy of the State at sixteen for distributing leaflets, and Frau Paul, who made an impossible choice to protect a stranger at the cost of seeing her own critically ill child. * Life Behind the Berlin Wall: Experience the strange, often absurd reality of the German Democratic Republic, a country that no longer exists but whose secrets still haunt the present day. * The Perpetrators’ Perspective: Hear directly from the men who served the regime, from professors who taught the art of recruiting informers to the officer who physically painted the line where the Wall would be built.
Legal Foundations of a Free Society is an updated selection of articles published over three decades dealing with a variety of issues in libertarian rights and legal theory, including the nature and foundations of libertarianism, rights and punishment theory, causation and responsibility, contract theory, and intellectual property. The chapters have been significantly revised and updated and integrated with each other with extensive cross-references, and with an extensive bibliography and index. “… more than 40 years after the first publication of Rothbard’s Ethics of Liberty and characterized by much practical disappointment and increasing theoretical confusion, the publication of Stephan Kinsella’s present work must be considered a most welcome sign of renewed hope and new, refreshing intellectual inspiration. Indeed, with this work, that has been in the making for more than two decades, Kinsella has produced no less than an intellectual landmark, establishing himself as the leading legal theorist and the foremost libertarian thinker of his generation. While following in Rothbard’s footsteps, Kinsella’s work does not merely rehash what has been said or written before. Rather, having absorbed as well all of the relevant literature that has appeared during the last few decades since Rothbard’s passing, Kinsella in the following offers some fresh perspectives and an innovative approach to the age-old quest for justice, and he adds several highly significant refinements and improvements and some centrally important new insights to the theories of personhood, property and contract, most famously some radical criticism and rejection of the idea of ‘intellectual property’ and ‘intellectual property rights.’ … Henceforth, then, all essential studies in the philosophy of law and the field of legal theory will have to take full account of the theories and criticisms expounded by Kinsella.” —From the Foreword, by Hans-Hermann Hoppe
Bostrom’s last book, Superintelligence: Paths, Dangers, Strategies (OUP, 2014), sparked a global conversation on AI that continues and widens to this day. That book, which despite its academic style became a New York Times bestseller, focused on what would happen if AI goes wrong. But what if AI goes right? Suppose we succeed in developing superintelligence safely and that we make good use of the almost magical powers this unlocks. We would then achieve full unemployment. More than that, we would transition into a “post-instrumental condition," in which human effort is not needed for any practical purpose. This would be a condition of material abundance. Human nature itself would become fully malleable. In such a solved world, what would be the point of human existence? What could give meaning to our lives? Which old values will we have to sacrifice, and which new values will we be able to realize to wonderful degrees? Deep Utopia—a work that is again years ahead of its time—takes the readers on a journey into some of the most profound questions that arise as we dissolve the limits of our current mode of being. It is a lush, playful, difficult, and human text that interleaves fiction stories and philosophical lectures that show us a glimpse of a different kind of existence–one that might be ours in the not-so-distant future. Winner of 7 Book Awards! 2024 AMERICAN LEGACY BOOK AWARDS WINNER 2024 LIVING NOW BOOK AWARD EVERGREEN GOLD MEDAL WINNER 2024 PENCRAFT BOOK AWARDS 1ST PLACE WINNER
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Star Trek fans and collectors will love this one-of-a-kind, mini-size collectible communicator with light and sound. The communicator is used for voice communication and serves as an emergency-signaling device for Starfleet. Kit includes a replica of the iconic communicator, with light and sound, and a 48-page book on the history of communicators, complete with full-color photos.
Privacy is a puzzling concept. From the backyard to the bedroom, everyday life gives rise to an abundance of privacy claims. In the legal sphere, privacy is invoked with respect to issues including abortion, marriage, and sexuality. Yet privacy is surrounded by a mire of theoretical debate. Certain philosophers argue that privacy is neither conceptually nor morally distinct from other interests, while numerous legal scholars point to the apparently disparate interests involved in constitutional and tort privacy law. By arguing that intimacy is the core of privacy, including privacy law, Inness undermines privacy skepticism, providing a strong theoretical foundation for many of our everyday and legal privacy claims, including the controversial constitutional right to privacy.
A trio of experts on high-tech business strategy and innovation reveal the principles that have made platform businesses the most valuable firms in the world and the first trillion-dollar companies. Managers and entrepreneurs in the digital era must learn to live in two worlds the conventional economy and the platform economy. Platforms that operate for business purposes usually exist at the level of an industry or ecosystem, bringing together individuals and organizations so they can innovate and interact in ways not otherwise possible. Platforms create economic value far beyond what we see in conventional companies. The Business of Platforms is an invaluable, in-depth look at platform strategy and digital innovation. Cusumano, Gawer, and Yoffie address how a small number of companies have come to exert extraordinary influence over every dimension of our personal, professional, and political lives. They explain how these new entities differ from the powerful corporations of the past. They also question whether there are limits to the market dominance and expansion of these digital juggernauts. Finally, they discuss the role governments should play in rethinking data privacy laws, antitrust, and other regulations that could reign in abuses from these powerful businesses. Their goal is to help managers and entrepreneurs build platform businesses that can stand the test of time and win their share of battles with both digital and conventional competitors. As experts who have studied and worked with these firms for some thirty years, this book is the most authoritative and timely investigation yet of the powerful economic and technological forces that make platform businesses, from Amazon and Apple to Microsoft, Facebook, and Google all dominant players in shaping the global economy, the future of work, and the political world we now face. Supplemental enhancement PDF accompanies the audiobook.
Economist Bryan Caplan makes a bold case for unrestricted immigration in this fact-filled graphic nonfiction. American policy-makers have long been locked in a heated battle over whether, how many, and what kind of immigrants to allow to live and work in the country. Those in favor of welcoming more immigrants often cite humanitarian reasons, while those in favor of more restrictive laws argue the need to protect native citizens. But economist Bryan Caplan adds a new, compelling perspective to the immigration debate: He argues that opening all borders could eliminate absolute poverty worldwide and usher in a booming worldwide economy―greatly benefiting humanity. With a clear and conversational tone, exhaustive research, and vibrant illustrations by Zach Weinersmith, Open Borders makes the case for unrestricted immigration easy to follow and hard to deny.
In The Fiat Standard, world-renowned economist Saifedean Ammous applies his unique analytical lens to the fiat monetary system, explaining it as a feat of engineering and technology just as he did for bitcoin in his global bestseller The Bitcoin Standard. This time, Ammous delves into the world's earlier shift from the gold standard to today's system of government-backed fiat money—outlining the fiat standard's purposes and failures; deriving the wider economic, political, and social implications of its use; and examining how bitcoin will affect it over time. With penetrating insight, Ammous analyzes global political currencies by analogy to bitcoin: how they're "mined" whenever government-guaranteed entities create loans, their lack of inherent restraints on inflation, and the rampant government intervention that has resulted in heavy, devastating, and persistent distortions to global markets for food, fuel, science, and education. Through these comparisons, Ammous demonstrates that bitcoin could be our next step forward—providing high salability across space, just like the fiat system, but without the unchecked fiat-denominated debt. Rather than a messy hyperinflationary collapse, the rise of bitcoin could look like a debt jubilee and an orderly upgrade to the world's monetary operating system, revolutionizing global capital and energy markets.
The Art of War is a renowned ancient Chinese military treatise written by Sun Tzu, a military strategist and philosopher. Composed around the fifth century BC, it provides valuable insights into warfare and strategy. The book emphasizes the importance of careful planning, understanding the enemy, exploiting weaknesses, and employing tactics to achieve victory. It covers various aspects of warfare, including tactics, intelligence gathering, leadership, and the importance of adaptability. It continues to be studied and applied in various fields beyond the military, including business and politics. Strategy. Strength. Supreme success. * Insights into strategy and warfare. * Provides valuable insights into navigating dynamic and unpredictable environments in various domains. * Delves into the qualities of successful leaders. * Offers practical advice on how to gain advantages and outmanoeuvre opponents. * Emphasizes the importance of strategic thinking and planning.