How an Economy Grows and Why It Crashes

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John Wiley & Sons, May 3, 2010 - Business & Economics - 256 pages
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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.

 

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User Review  - badbird99 - Overstock.com

If you truly want to understand the American economy fed reserve interest rate manipulation relationship with global economy specifically china etc etc then read this book. Its written in the ... Read full review

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Love it!
Peter puts economy in the most simple ways to understand. If you want to understand how the economy works, then I suggest reading this book. AMAZING!!

Contents

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 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

CHAPTER 10 SHRINKING FISH
119
CHAPTER 11 A LIFELINE FROM AFAR
129
CHAPTER 12 THE SERVICE SECTOR STEPS UP
141
ABOUT THE ILLUSTRATOR
233
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About the author (2010)

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.

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