We had our final discussion of Schiff's book where we talked about America going off of the gold standard, the current debt crisis, and China's relationship with America. We then returned the book and picked up our next read, Bastiat's That Which Is Seen and That Which Is Not Seen.After the break we viewed various financial comic strips on the internet, discussing them and applying them to current concepts we've been learning such as Capitalism, Socialism, moral hazard, Social Security, debt, paternalism, ponzi schemes, etc.
We ended the day with 35 minutes of reading.
