The biggest benefit from this book is it makes a large number of observations of the time period which is then distilled into rational first principles which ca

The biggest benefit from this book is it makes a large number of observations of the time period which is then distilled into rational first principles which can be used by others and makes it available in an easily read format. The observations can also be correlated with subsequent changes to give us a better understanding of how things work and progressed, as well as potentially destructive changes we've made moving forward to our systems of organization. The transition to Fiat currency, or taxation for example, I have no doubt, will eventually provoke a study and comparison as to why inflationary currencies should never be adopted, or only with severe restrictions. There are many concepts found in the book which are correct, there are several which are also very flawed and dated. Labor Value Theorem for example has been rigorously disproven as a viable framework through Menger, Hayek, and Mises (iirc). A society which has no education on these subjects is ill equipped to have to direct policy, or hold policy makers accountable for destructive actions (which may take years, decades, or sometimes half a century, in their cyclical actions). The first required step to correcting a problem is in being alerted to the fact that there is a problem, and societally we've really screwed this up with the advent of social media (many:1 platforms that drown out useful signals). Feedback systems that can no longer respond to correct stimulus are broken systems just waiting for the right circumstances for calamity.