None of my business P.J. explains money, banking, debt, equity, assets, liabilities, and why he's not rich and neither are you

P. J. O'Rourke

Book - 2018

P. J. O'Rourke takes on his scariest subjects yet -- business, investment, finance, and the political chicanery behind them. Want to get rich overnight for free in 3 easy steps with no risk? Then don't buy this book. (Actually, if you believe there's a book that can do that, you shouldn't buy any books because you probably can't read.) P.J.'s approach to business, investment, and finance is different. He takes the risks for you in his chapter "How I Learned Economics by Watching People Try to Kill Each Other." He proposes "A Way to Raise Taxes That We'll All Love"--a 200% tax on celebrities. He offers a brief history of economic transitions before exploring the world of high tech innova...tion with a chapter on "Unnovations," which asks, "The Internet--whose idea was it to put all the idiots on earth in touch with each other?" He misunderstands bitcoin, which seems "like a weird scam invented by strange geeks with weaponized slide rules in the high school Evil Math Club." He closes with a fanciful short story about the morning that P.J. wakes up and finds that all the world's goods and services are free! This is P.J. at his finest, a book not to be missed.

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Subjects
Genres
Essays
Humor
Published
New York, NY : Atlantic Monthly Press, an imprint of Grovw Atlantic 2018.
Language
English
Main Author
P. J. O'Rourke (author)
Edition
First edition
Item Description
"Chapters have appeared in a previous version in American consequences and Standsberry digest" -- title page verso.
Physical Description
xi, 244 pages ; 22 cm
ISBN
9780802128485
  • Foreword: Why I'm Not Rich and You Aren't Either
  • Section I. How I Learned Economics by Watching People Try to Kill Each Other
  • Introduction
  • Lesson 1. The Power of the Economic Impulse
  • Lesson 2. The Real Secret Behind All Investment Scams
  • Lesson 3. (Topic for Discussion) If You Want Hard Money, How Hard Do You Have to Be to Get It?
  • Section II. Money and Banking
  • Introduction
  • The Strange, Shape-Shifting Symbol of Value
  • My Own Personal Central Bank
  • Negative Interest Rates-Not Only Wrong but Evil
  • Debt Jubilee
  • Section III. Mutant Capitalism
  • Introduction: The Mutants
  • One Good Thing About Mutant Capitalists: They Aren't Playing Monopoly
  • What Are Corporations For?
  • Section IV. The Transition
  • Introduction: The Digital Age and Which Digit It's Giving Us
  • A Brief History of Economic Transitions
  • A Blockhead Confronts the Blockchain
  • What's the Connection?
  • What Has the Digital Revolution Done to Print Media?
  • Five Lessons About the Digital Economy from a Member of the Digital Generation
  • Innovation-It's All in Your Head
  • Innovations That Get No Respect
  • Unnovations
  • Six Geniuses (Plus Some Cartoon Animators) Try to See into the Future
  • A Ray of Hope in the Contest Between Man and Machine
  • Section V. Consumption
  • Introduction: Some Thoughts on the History of Trade
  • The Price of Being Middle Class
  • Armchair Predictions About Consumer Trends
  • Consumer Trends Among the "Grumpies"
  • Consumer Trends Among the "Grumpies," Part 2
  • Summing Up American Consumer Trends ...
  • All the Money in the World
  • Section VI. Random Walk
  • Introduction
  • Five Things 1 Know About China
  • Doubts About Asia
  • Thoughts While Cleaning the Chicken Coop
  • Six Lessons from a Man on Horseback
  • Sympathy for the Devil
  • Reform or Deform?
  • Free-for-All!
  • Acknowledgments
Review by Booklist Review

In his latest essay collection, satirist and commentator O'Rourke turns his attention to a subject fraught with confusion and muddled thinking: economics. Why do we have money? Is crypto-currency (such as Bitcoin) the currency of the future? Is the Digital Age a good thing or a bad thing? How much damage have digital media done to traditional media? Is the internet a powerful tool, or a disaster waiting to happen? As usual, O'Rourke displays a lively wit, and, also as usual, he deals in broad generalizations that may not sit well with some readers. ( Comic books are a medium for idiots. And so is the Internet. ) O'Rourke's style of commentary is different from, say, Dave Barry's or Andy Rooney's; his humor is more restrained than Barry's, and he's a whole lot less cantankerous than Rooney. But one thing's for sure: he has a razor-sharp intellect, and he writes without a shred of pretension or pontification. Another winner from an A-list humorist.--David Pitt Copyright 2018 Booklist

From Booklist, Copyright (c) American Library Association. Used with permission.
Review by Publisher's Weekly Review

O'Rourke (What the Hell Just Happened?), a contributing editor at the Weekly Standard, omits nothing in his manic commentary on the state of consumerism, economics, and technology amid the ongoing "digital revolution," ornamented with wry anecdotes from his journalistic career and personal life. Remembering his time reporting on war-torn 1990s Somalia, he muses, "Maybe one way to understand currency collapse is to go someplace where society has collapsed already"; in an equally insightful, albeit dramatically different moment, he solicits opinions about popular apps from his teenage daughter, "a one-girl focus group sitting right across the breakfast table, so deeply involved in the digital economy that her hair was dragging in her nut butter and chia seed toast." Himself unimpressed with most modern innovations, he pinpoints "unnovations," including texting and PowerPoint, he would erase if he could. In a different vein, a recollection of cleaning out his rural New England home's chicken coop leads to a reconsideration of the phrase, "I'd rather be shoveling shit in hell," and a (measured) new appreciation for the value of manual labor. While choppy and unfocused at times, the book makes a good case for humor's helpfulness in confronting the modern world's ever-present absurdities. (Sept.) © Copyright PWxyz, LLC. All rights reserved.

(c) Copyright PWxyz, LLC. All rights reserved
Review by Kirkus Book Review

Noted wisenheimer O'Rourke (How the Hell Did This Happen? The Election of 2016, 2017, etc.) serves up a fan's notes on "a blood sport that I greatly enjoy"namely, the dismal science of economics.Though a conservative on numerous mastheads and TV credits since the heyday of National Lampoon, the author isn't reflexive in his cheerleading for capitalism; after all, he notes, it was capitalists who "hoovered my investment portfolio in the 2008 financial crisis." Still, this is a mostly pro-free-market, conservative look at a complex subject that O'Rourke sometimes reduces to useful fundamentalsand that sometimes floats away on clouds of dumb abstraction. As to the former, the author points to the thought that the first thing a financial analyst needs to do is figure out how a company he or she is thinking of investing in makes money. In the instance of Enron, one mogul's staff reported back that they were "utterly ignorant" even after studying the company up close for a montha lesson, O'Rourke suggests, in the virtues of ignorance, or at least not proceeding until one is less ignorant than at the start. Where things get interesting is when the author turns subtly critical in the matter of corporations. As he notes, things got sticky in the financial realm when the banks sold themselves out to "clueless stockholders," since the banks could then be comfortably managed by people who were clueless themselves. Of course, the whole business of corporate personhood is sticky. As for fundamentals, the author scores points with a sharp observation: The rise of credit cards suggests that the idea that goods and services seem sort of free if you don't have to pay straightaway yields a topsy-turvy financial world, one whose craziness can logically be resolved only with the use of a "9mm GlockVISA card of the future."As with most of O'Rourke's books, a mix of the smart and the throwaway but fairly entertaining throughout. Copyright Kirkus Reviews, used with permission.

Copyright (c) Kirkus Reviews, used with permission.

From None of My Business : "Many 'classical liberal' and libertarian economists are skeptical about the Central Banks that issue fiat money. Not me. I like them. I want one. Of course I don't want an enormous Central Bank like the Federal Reserve. Where would I put it? No, what I want is a small, handy 'Central Bank of O'Rourke' that would fit in the laundry room or in the mudroom between the dog kennels." "We'd like someone to develop an app that gets rid of all apps, a no-app app, call it a 'napp.'" "Crypto-currency adds a kind of unwelcome mysticism to the already baffling material and philosophical aspects of money. Some regard the blockchain with almost religious awe, as if it were the work of mythical 'Geek Gods' high upon Mount Laptopus." Excerpted from None of My Business by P. J. O'Rourke All rights reserved by the original copyright owners. Excerpts are provided for display purposes only and may not be reproduced, reprinted or distributed without the written permission of the publisher.