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How an Economy Grows and Why It Crashes

By: Peter D Schiff, Andrew J Schiff
Narrated by: Peter D. Schiff, Andrew J. Schiff
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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 best-selling 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.

©2010 Peter D. Schiff and Andrew J. Schiff. All rights reserved. (P)2010 Gildan Media
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Insightful and Fun

At first I was concerned about the length of the book as it didn't seem very long. The book condenses a lot of information but somehow manages to make it an easy and fun read. A valuable and interesting book for those starting or are interested in economics

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A must read do every person!

The parable used really helps break it down for a lay person like myself.

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Fantastic!

The Schiff brothers make economics accessible for everyone. Simplicity and eloquence reminiscent of Hazlitt and Rothbard.

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Not all about economy

Excellent book but I did not like the stab at electric cars and renewable energy which is clearly the way to go.

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