How an Economy Grows and Why It Crashes

How an Economy Grows and Why it Crashes uses illustration, humor, and accessible storytelling to explain complex topics ofeconomic growth and monetary systems. In it, economic expert andbestselling author of Crash Proof, Peter Schiff teams up with hisbrother Andrew to apply their signature „take no prisoners“ logicto expose the glaring fallacies that have become so ingrained inour country? s economic conversation.
Inspired by How an Economy Grows and Why It Doesn? t? apreviously published book by the Schiffs? father Irwin, a widelypublished economist and activist? How an Economy Grows and Why ItCrashes incorporates the spirit of the original whiletackling the latest economic issues. With wit and humor, the Schiffsexplain the roots of economic growth, the uses of capital, thedestructive nature of consumer credit, the source of inflation, theimportance of trade, savings, and risk, and many other topicalprinciples of economics.
The tales told here may appear simple of the surface, but theywill leave you with a powerful understanding of How an EconomyGrows and Why it Crashes.