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 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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‘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).

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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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Introduction. In the Beginning... Chapter 1: An Idea is Born. Chapter 2: Sharing the Wealth. Chapter 3: The Many Uses of Credit. Chapter 4: Economic Expansion. A Few Generations Later. Chapter 5: Prosperity loves Company. Chapter 6: Put it in the Vault. Chapter 7: Infrastructure and Trade. Chapter 8: A Republic is Born. A Few Generations Later. Chapter 9: Government Gets Creative. Chapter 10: Shrinking Fish. Chapter 11: A Lifeline from Afar. Chapter 12: The Service Sector Steps Up. Chapter 13: Closing the Fish Window Chapter 14: The Hut Glut. Chapter 15: The Hut Rut Chapter 16: Stepping on the Gas A Few Generations Later. Chapter 17: The Fish Hit the Fan. Epilogue. Acknowledgments. About the Authors.

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