You will find the downloadable pdf  version below.

Our gift is the effort to get a copy into your possession in the hopes that you will read it. We also encourage you to forward copies to everyone that you know, including family, friends, business associates, and in particular give copies to every young person that you can. The book is an easy read, but contains wisdom that is often hard to come by these days.

Here is why we feel that this book is so important:

Most of the critical problems that we are facing in this country today stem from a rampant ignorance of basic economics. A Congress and an electorate that understood simple economics would never have allowed us to get into the budgetary wastefulness and debt crisis that the country now faces. Many people fail to understand that the laws of economics are like the laws of gravity–you ignore them at your peril.

Unfortunately most of our schools don’t teach this, and our children graduate without the necessary knowledge needed to make sound financial and life altering decisions in later life. This book is only a start, but it can be the seed that germinates into the fruit that drives the quest for knowledge and truth. This is true regardless of your political leanings or religious beliefs, and we truly hope that you will benefit from it.

Here is the book description as listed at the Mises Institute, where this and many other related books can be found:

“Henry Hazlitt wrote this book following his stint at the New York Times as an editorialist. His hope was to reduce the whole teaching of economics to a few principles and explain them in ways that people would never forget. It worked. He relied on some stories by Bastiat and his own impeccable capacity for logical thinking and crystal-clear prose.

He was writing under the influence of Mises himself, of course, but he brought his own special gifts to the project. As just one example, this is the book that made the idea of the “broken window fallacy” so famous. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy.

This is the book to send to reporters, politicians, pastors, political activists, teachers, or anyone else who needs to know. It is probably the most important economics book ever written in the sense that it offers the greatest hope to educating everyone about the meaning of the science.

Many writers have attempted to beat this book as an introduction, but have never succeeded. Hazlitt’s book remains the best. It’s still the quickest way to learn how to think like an economist. And this is why it has been used in the best classrooms for more than sixty years.”

Economics in One Lesson

     The program starts with the recent Russian foreign policy moves into the Middle East after the U.S. Syria debacle, followed by the new Russian military arms sales to Egypt, and some discussion of Russia’s client nuclear state, Iran. The Russian geopolitical moves into Asia are next, as Hong Jiang discusses with Mr. Day, Putin’s recent trip to Vietnam, along with Russia’s  (1) Kilo class submarine sales to Vietnam,(2)  mutual defense pact, and then (3), new joint venture operations between Vietnam’s PetroVietnam and Russian energy companies for joint oil & gas exploration efforts in both the South China (“East Sea” in Vietnam) and the Artic Seas.

     Next, the conversation turns to the critical and fascinating energy “pivot” that Russia is now engaged in, shifting its focus from its former European gas and oil pipeline customers to new pipeline developments with Japan, South Korea, and yes, even North Korea.

     Russia’s foreign policy regarding The Korean Peninsula is also probed.

Michael Sacharski, CEO
Pacific Enterprise Capital

Princelings, Mr. Bo Xi Lai. What is different about this program is that the guest, Mr. Michael Sacharski, is a 3+decade American China Hand who has met and spent time with Mr. Bo on several occasions.

The conversation probes Bo’s extraordinary revolutionary pedigree, his rise as a charismatic, anti-corruption mayor of Dalian, moving to other key political positions before his final post as the crime-busting mayor of the huge city of Chongqing. The program includes a conversation about how Mr. Bo departed from the consensus style of the typical senior, Chinese leadership and his political differences with members of the senior leadership.  Interestingly, this discussion includes warnings  to Bo from the Party about his wife, Gu Kai Lai (who is also a Princeling). The conversation includes a discussion of how this trial came about, why the Party is conducting the trial, and the relationship of Mr. Bo’s courtroom defiance to his own father’s conduct during his persecution by the Red Guards during the Cultural Revolution. This interview with Mr. Sacharski examines the interesting quanxi relationship that exists running from Bo Xi Lai’s father, Bo Yi Bo, to Jiang Zemin (Zhang Zemin) to a number of Politboro members, including Xi Jin Ping, and back to Bo Xi Lai, the son.

Hosted by David Day, Mr. Sacharski draws upon his extraordinary meetings with the charismatic Mr. Bo and his knowledge of the history and inner workings of the Party to give the viewer a far more complete picture of this, China’s trial of the 21th century. The discussion concludes with a  look towards Mr. Bo’s future and the likelihood that his opera is not over…down, but not out.

Nicole Finneman
Formerly, Korea Economic Institute,
Washington, D.C

Hosted by David Day, this television program aired statewide in Hawaii and features, as its special guest, Ms. Nicole Finneman, formerly with the Korea Economic Institute in Washington, D.C.  Ms. Finneman, an American eyewitness inside North Korea’s Yongbyon nuclear facility and other fascinating facilities and locations throughout the country, talks about those experiences.

The conversation turns from the Yongbyon visit to the potential business and commerce development in North Korea and references American firms now lining up to do business in North Korea in the future, including the Korean-American-owned, Pyongyang University of Science and Technology (a private university).

Ms. Finneman talks about her visits to various commercial enterprises, the Koryolink mobile phone explosion in the country, and the market/commercial developments within the country. (Koryolink, a joint venture between the Egyptian company Orascom Telecom Holdings and the state-owned Korea Post and Telecommunications Corporation, is North Korea’s only 3G mobile operator.)

Nicole also discusses  her visit to the digital libraries at Kim Il Sung University and their remarkable high tech facilities which many universities in the U.S. currently do not have…but only connected to an intranet–no internet.

Finally, Ms. Finneman and David Day talk about the infrastructure for commerce and foreign investment that is now being put into place in North Korea and her crystal-ball view of the potential for change in that country.

Bill Sharp and David Day on “The Taiwan Success Story”