"Black Hole is a superb book" says The Objective Standard
Black Hole got a favorable review from The Objective Standard, which I wanted to share.
The Objective Standard, which for many years has been a champion of reason, individualism, and capitalism, just published a positive review of my book A Black Hole in Economics: Money Creation and Its Consequences.
You can read that review here, and I recommend you take out a trial subscription to TOS while you’re at it.
TOS covers a rich variety of topics, from politics, economics, and philosophy to aesthetics and the art of living - something valuable for anyone who wants to live a rational life.
The author of the review, Michael Dahlen, has also written an excellent book, Ending Big Government: The Essential Case for Capitalism and Freedom, published in 2016, which is still available on Amazon in Kindle format. I reviewed that book in TOS back in 2016, and consider it to be a top-quality primer on capitalism and free markets. As I wrote in that review, Dahlen’s book uniquely “bridges the chasm between the simple and the daunting.”
“Like” this Stack, forward it to your friends, and then read Black Hole and Ending Big Government - or risk missing out on the essentials of capital markets and money-making!
HardmoneyJim, May 29, 2025
Absolutely superb book explaining just how much I didn't know about how money works. I have already put several of your investment suggestions to work, so my future self thanks you for protecting my assets from the governmental machinations ahead!
Hello Jim. I have read Black Hole, including all the appendices, and I would say you have convinced me. Well, at least mostly. What still bothers me is that banks have always really seemed mighty eager to get depositors. Also, they encourage depositors to increase their deposits. I just don't understand why they seem to care so much, since they don't need depositors to make loans. If you addressed this in Black Hole, I must have missed it. (But honest!, I thought I read it carefully.) In any case, can you help me understand why that is?