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 "e;take no prisoners"e; 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.

How an Economy Grows and Why it Crashes uses illustrationhumor, and accessible storytelling to explain complex topics ofeconomic growth and monetary systems. In it, economic expert andbestselling author of Crash Proof, Peter Schiff teams up with hisbrother Andrew to apply their signature "take no prisoners" logicto expose the glaring fallacies that have become so ingrained inour country?s economic conversation.Inspired by How an Economy Grows and Why It Doesn?t?apreviously published book by the Schiffs? father Irwin, a widelypublished economist and activist?How an Economy Grows and Why ItCrashes incorporates the spirit of the original whiletackling the latest economic issues.With wit and humor, the Schiffsexplain the roots of economic growth, the uses of capital, thedestructive nature of consumer credit, the source of inflation, theimportance of trade, savings, and risk, and many other topicalprinciples of economics.The tales told here may appear simple of the surface, but theywill leave you with a powerful understanding of How an EconomyGrows and Why it Crashes.

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