How an Economy Grows and Why It Crashes

by Schiff, Peter D.; Schiff, Andrew J.

• ISBN13: 9780470526705
• ISBN10: 047052670X
• Edition: 1st
• Format: Hardcover
• Copyright: 2010-05-03
• Publisher: Wiley

Summary

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.

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	p. viii
Author's Note	p. ix
Introduction	p. xi
An Idea is Born	p. 1
Sharing The Wealth	p. 13
The Many Uses of Credit	p. 27
Economic Expansion	p. 37
Prosperity Loves Company	p. 47
Put it in the Vault	p. 63
Infrastructure and Trade	p. 77
A Republic is Born	p. 91
Government Gets Creative	p. 101
Shrinking Fish	p. 119
A Lifeline From Afar	p. 129
The Service Sector Steps Up	p. 141
Closing the Fish Window	p. 153
The Hut Glut	p. 161
The Hut Rut	p. 177
Stepping on the Gas	p. 193
The Fish Hit the Fan	p. 209
Epilogue	p. 223
Acknowledgments	p. 229
About the Authors	p. 231
About the Illustrator	p. 233
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