How would you classify your latest work, what inspired its inception?
My boom/bust book is an indispensable guide for all business decision makers. Whether an individual is a store owner on Main Street, a mid-sized manufacturer or a large national or multinational corporation, the information is invaluable to help businesses navigate the economic cycles that have repeated since the Federal Reserve was created in 1913, for the purpose of dampening the impact of booms and busts. I have been interested in business cycles and the ongoing financial issues since 1971 when President Nixon imposed wage and price controls to halt the price inflation that at the tie was increasing at a 4 percent annual rate. Nixon also severed the last link between gold and the dollar, which has profound impacts on our economy as well as the global economy. As I taught a course on the financial history of the United States for several years before I retired in July 2020, I thought I would write a practical guide for entrepreneurs who have to deal with day-to-day decisions about how to run their businesses, especially against the backdrop of continuous economic fluctuations.
How long did it take you to complete? I began the research in the summer of 2020 and finished the manuscript by the end of March 2021.
Who are some of your top 5 authors or writers you look up to & admire?
Ludwig von Mises, Murray Rothbard, Henry Hazlitt, Hans Hermann-Hoppe and Andrew Napolitano.
Why do you write?
I primarily write to educate and inform readers about the economy. There are many myths, groupthink and other fallacies about the financial system that I have observed over the past 50 years. I believe I have an obligation to clarify the issues to the public, in my boom/bust book, so they can make better decisions about their businesses to survive any bust that may occur.
What’s the biggest take away you want your readers to come away with after reading your latest work?
If business decision makers read my interpretations and explanations about the economy, they would be able to prosper during the good times and survive the inevitable tough times that inevitably follow the unstainable booms.
How is the writing/reading scene in your locale?
I recently moved to southwest Florida and have read about upcoming book fairs that will be held soon. There seems to be a vibrant number of venues for authors to highlight their books to the general public.
What’s the best book you’ve ever read?
This is a really tough question, because I have read dozens of great books since I graduated college in 1968. Two of my absolute favorites The Law by Frederic Bastiat, a 19th century French writer and legislator, who demolished many economic myths in this book and others. Economics in One Lesson by Henry Hazlitt was published in1946 the year I was born and has a special place on my book shelf, is still read today because it applies sound economic analysis to many public policy issues.
When did you first realize you wanted to become a writer?
When I was hired, in 1979, as a staff economist at the American Institute for Economic Research I wrote articles for their weekly and monthly publications. It was until I began my teaching career in 1985 and wrote my first book on sabbatical in 1992. When blogs become popular in the 2000s and was invited to submit articles for several of them, I realized I would have venues to educate a wide audience.
How have you evolved as a writer over the last year?
I wrote two books since I retired in July 2020 and was able to do my research fairly quickly. By having material at my fingertips, I can organize and write any size essay relatively quickly as well as a book.
If you could meet, have dinner, have a drink with anyone (writer/non-writer) (dead or alive) who would it be?
Another tough question. I think it would be President Kennedy. The assassination of JFK changed the course of American and world history. We are witnessing the dangerous world we now live in. JFK wanted to have peaceful coexistence with the former Soviet Union. I urge everyone to listen to his American University commencement address (June 1963 available on YouTube.. Five months later he was killed.
What’s next for you?
I just finished a draft of my next book, a medical insurance guide for entrepreneurs. It will be out this fall and will reveal how we can have less expensive, more transparent medical coverage. I have several book ideas, but since I have written four books in five years, I need to take a break before the next book project.
ABOUT THE AUTHOR: https://www.murraysabrin.com/
End of Interview