Publisher Description

How an Economy Grows and Why it Crashes uses illustration, humor, and accessible storytelling to explain complex topics of economic growth and monetary systems. In it, economic expert and bestselling author of Crash Proof, Peter Schiff teams up with his brother Andrew to apply their signature "take no prisoners" logic to expose the glaring fallacies that have become so ingrained in our country?s economic conversation. Inspired by How an Economy Grows and Why It Doesn?t?a previously published book by the Schiffs? father Irwin, a widely published economist and activist?How an Economy Grows and Why It Crashes incorporates the spirit of the original while tackling the latest economic issues.With wit and humor, the Schiffs explain the roots of economic growth, the uses of capital, the destructive nature of consumer credit, the source of inflation, the importance of trade, savings, and risk, and many other topical principles of economics. The tales told here may appear simple of the surface, but they will leave you with a powerful understanding of How an Economy Grows and Why it Crashes.

Back Cover

EVER WONDER . . . Why governments can spend without ever seeming to run out of money? Why some countries are rich while others are poor? Whether spending or saving is the best cure for a bad economy? Where inflation comes from? Why it's so hard to catch a fish with your bare hands? HOW AN ECONOMY GROWS AND WHY IT CRASHES Understanding how all the pieces of an economy fit together can be a daunting task--especially when the experts can't seem to do it. But when you get down to the basics, it is much easier than you may think. How an Economy Grows and Why It Crashes uses illustrations, humor, and accessible storytelling to take economics off its lofty shelf and put it back on the kitchen table where it belongs. This straightforward story of fish, nets, saving, and lending exposes the gaping holes that lie hidden in our global economic conversation. With wit and humor, the Schiffs explain the roots of economic growth, the importance of trade, savings, and risk, the source of inflation, the effects of interest rates and government stimulus, the destructive nature of consumer credit, and many other economic principles that are so frequently discussed and so poorly understood. The story may appear simple on the surface but it will leave you with a powerful understanding of How an Economy Grows and Why It Crashes.

Flap

EVER WONDER . . . Why governments can spend without ever seeming to run out of money? Why some countries are rich while others are poor? Whether spending or saving is the best cure for a bad economy? Where inflation comes from? Why it's so hard to catch a fish with your bare hands? HOW AN ECONOMY GROWS AND WHY IT CRASHES Understanding how all the pieces of an economy fit together can be a daunting task--especially when the experts can't seem to do it. But when you get down to the basics, it is much easier than you may think. How an Economy Grows and Why It Crashes uses illustrations, humor, and accessible storytelling to take economics off its lofty shelf and put it back on the kitchen table where it belongs. This straightforward story of fish, nets, saving, and lending exposes the gaping holes that lie hidden in our global economic conversation. With wit and humor, the Schiffs explain the roots of economic growth, the importance of trade, savings, and risk, the source of inflation, the effects of interest rates and government stimulus, the destructive nature of consumer credit, and many other economic principles that are so frequently discussed and so poorly understood. The story may appear simple on the surface but it will leave you with a powerful understanding of How an Economy Grows and Why It Crashes.

Author Biography

PETER D. SCHIFF is the bestselling author of Crash Proof 2.0: How to Profit from the Economic Collapse and The Little Book of Bull Moves in Bear Markets. This is his first collaboration with his brother ANDREW J. SCHIFF, a recognized expert in economic and financial communications.

Table of Contents

DISCLOSURE VIII AUTHOR'S NOTE IX INTRODUCTION XI CHAPTER 1 AN IDEA IS BORN 1 CHAPTER 2 SHARING THE WEALTH 13 CHAPTER 3 THE MANY USES OF CREDIT 27 CHAPTER 4 ECONOMIC EXPANSION 37 CHAPTER 5 PROSPERITY LOVES COMPANY 47 CHAPTER 6 PUT IT IN THE VAULT 63 CHAPTER 7 INFRASTRUCTURE AND TRADE 77 CHAPTER 8 A REPUBLIC IS BORN 91 CHAPTER 9 GOVERNMENT GETS CREATIVE 101 CHAPTER 10 SHRINKING FISH 119 CHAPTER 11 A LIFELINE FROM AFAR 129 CHAPTER 12 THE SERVICE SECTOR STEPS UP 141 CHAPTER 13 CLOSING THE FISH WINDOW 153 CHAPTER 14 THE HUT GLUT 161 CHAPTER 15 THE HUT RUT 177 CHAPTER 16 STEPPING ON THE GAS 193 CHAPTER 17 THE FISH HIT THE FAN 209 EPILOGUE 223 ACKNOWLEDGMENTS 229 ABOUT THE AUTHORS 231 ABOUT THE ILLUSTRATOR 233

Review

If you feelyou want to get a decent grasp of free-market economics thisbook is the perfect place to start. (Daniel Hannan,Telegraph.co.uk/Blog, July 2010). Usingillustration, humour and storytelling, the authors takeeconomics off its lofty shelf and place it back on the kitchentable (TheStar.com, September2010).

Long Description

EveR WONDER . . . Why governments can spend without ever seeming to run out of money? Why some countries are rich while others are poor? Whether spending or saving is the best cure for a bad economy? Where inflation comes from? Why its so hard to catch a fish with your bare hands? How An Economy Grows And Why It Crashes Understanding how all the pieces of an economy fit together can be a daunting task especially when the experts cant seem to do it. But when you get down to the basics, it is much easier than you may think. How an Economy Grows and Why It Crashes uses illustrations, humor, and accessible storytelling to take economics off its lofty shelf and put it back on the kitchen table where it belongs. This straightforward story of fish, nets, saving, and lending exposes the gaping holes that lie hidden in our global economic conversation. With wit and humor, the Schiffs explain the roots of economic growth, the importance of trade, savings, and risk, the source of inflation, the effects of interest rates and government stimulus, the destructive nature of consumer credit, and many other economic principles that are so frequently discussed and so poorly understood. The story may appear simple on the surface but it will leave you with a powerful understanding of How an Economy Grows and Why It Crashes .

Review Quote

'If you feel you want to get a decent grasp of free-market economics…this book is the perfect place to start.' (Daniel Hannan, Telegraph.co.uk/Blog, July 2010). ' Using illustration, humour and storytelling, the authors…take economics off its lofty shelf and place it back on the kitchen table' (TheStar.com, September 2010).

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