American Consequences - August 2021

ITWAS AVERYGOODYEAR Extraordinary Moments in Stock Market History Martin S. Fridson Fridson’s work has one chapter on each of the 10 best years in the U.S. stock market

THE UNTHINKABLE Who Survives When Disaster Strikes andWhy Amanda Ripley A key lesson early in the book is that regular people (i.e., not trained first responders)

respond pretty well when disaster strikes. The calamities discussed include the Mont Blanc explosion in Halifax Harbour, Nova Scotia, the 1992 gas explosion in Guadalajara, Mexico, and the 1993 terrorist attacks on World Trade Center. ––––––

in the 20th century. I’ve only read 1928, but it was enough to convince me that "the Dean of High Yield" has produced a history book worth reading.

GOD'S DEBRIS A Thought Experiment Scott Adams This book's courtesy of the “ Dilbert guy” – an excellent 134-page thought experiment. Nothing to

DR. "DOC" DAVID EIFRIG Editor, Retirement Millionaire BOURBON FOR BREAKFAST Jeffrey A. Tucker

do with Dilbert . The reader’s job is to "try to find out what’s wrong with the simplest explanations." I won’t say anymore because I don’t want to spoil it.

Every night before bed, I like to finish my day with an essay from this book. Until recently, Tucker was the

RUMOR, FEAR AND THE MADNESS OF CROWDS J.P. Chaplin He covers some strange historical events like the Salem witch madness, the insane destruction of a Boston

editorial director for the American Institute for Economic Research. Tucker is a card- carrying libertarian who I’d call an intellectual extremist on liberty and capitalism. You get a sense of that in this book, but so much more. Bourbon for Breakfast breaks into chapters with different themes like “Crime,” “Health & Manners,” and “Food.” In one piece, he talks about food etiquette and people who smack their lips while they eat. In another, he explains how Mark Twain’s Adventures of Huckleberry Finn is about the benefits of entrepreneurship.

convent in August 1834, and the weird career of “end of the world” prophet WilliamMiller in the early 1830s. The events all show how rumors and widespread irrational fears can cause people (especially in crowds) to behave in highly destructive, extreme ways. The Miller thing wasn’t so terrible because the world didn’t end, and that pretty much ended his career.

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