Sane reading

Personal Finance: Some classic works are a good guide through today's financial insanity | David Bahnsen

The famous British economist, John Maynard Keynes, once wrote that "the ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist."

Lord Keynes was right about this much—economic theory has far more of a practical impact on our lives than most of us realize. When setting fiscal policy, guiding monetary policy, and modifying financial regulations, policymakers and politicians are fundamentally guided by an ideology. In the current environment there is a lot of debate over what economic theories and financial philosophies are best suited to guide policymakers. The following list represents the "books I wish all policymakers would read" as we navigate through the present economic storm. WORLD readers may just benefit from checking them out themselves!