This blog describes some ideas that seem to be different from the current train of political thought. I will try to bring up somewhat unique and innovative ideas regarding political systems and policies in the US. I hope those who comment also bring in such ideas.

Friday, November 13, 2009

Book Review - The Big Rich: The Rise and Fall of the Greatest Texas Oil Fortunes

Since the writer has written for the Wall Street Journal, I expected some good economic analysis in The Big Rich. Alas, it was not as potent an analysis as I would like. Instead, the author seemed to prefer to waste times on mocking their political beliefs, though never actually providing arguments for or against their beliefs. Thus, it was more of a distraction then a contribution.

The book was longer than it needed to be, especially since it could have used much more historical and economic analysis. The stories of risking it all and hitting a gusher are inspiring, as it is these types of people that make a big difference. However, it also shows how success can lead to their downfall, as after getting a fortune they risked it all again, and lost it. Even billionaires get in trouble by getting in more and more debt - something sensible governments should take to heart.

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