How an Economy Grows and Why It Crashes, Collector’s Edition

Straight answers to every question you've ever had about how the economy works and how it affects your life In this Collector's Edition of their celebrated How an Economy Grows and Why It Crashes, Peter Schiff, economic expert and bestselling author of Crash Proof and The Real Crash, once again teams up with his brother Andrew to spin a lively economic fable that untangles many of the fallacies preventing people from really understanding what drives an economy. The 2010 original has been described as a Flintstones take economics that entertainingly explains the beauty of free markets. The new edition has been greatly expanded in both quantity and quality. A new introduction and two new illustrated chapters bring the story up to date, and most importantly, the book makes the jump from black and white to full and vivid color. With the help of colorful cartoon illustrations, lively humor, and deceptively simple storytelling, the Schiff's bring the complex subjects of inflation, monetary policy, recession, and other important topics in economics down to Earth. The story starts with three guys on an island who barely survive by fishing barehanded. Then one enterprising islander invents a net, catches more fish, and changes the island s economy fundamentally. Using this story the Schiffs apply their signature take-no-prisoners logic to expose the glaring fallacies and gaping holes permeating the global economic conversation. The Collector s Edition: Provides straight answers about how economies work, without relying on nonsensical jargon and mind-numbing doublespeak the experts use to cover up their confusion Includes a new introduction that sets the stage for developing a deeper, more practical understanding of inflation and the abuses of the monetary system Adds two new chapters that dissect the Federal Reserve s Quantitative easing policies and the European Debt Crisis. Colorizes the original book's hundreds of cartoon illustrations. The improved images, executed by artist Brendan Leach from the original book, add new vigor to the presentation Has a larger format that has been designed to fit most coffee tables. While the story may appear simple on the surface, as told by the Schiff brothers, it will leave you with a deep understanding of How an Economy Grows and Why It Crashes.

Straight answers to every question you've ever had about howthe economy works and how it affects your lifeIn this Collector's Edition of their celebrated How anEconomy Grows and Why It Crashes, Peter Schiff, economic expertand bestselling author of Crash Proof and The RealCrash, once again teams up with his brother Andrew to spin alively economic fable that untangles many of the fallaciespreventing people from really understanding what drives an economy.The 2010 original has been described as a "Flintstones"take economics that entertainingly explains the beauty of freemarkets. The new edition has been greatly expanded in both quantityand quality. A new introduction and two new illustrated chaptersbring the story up to date, and most importantly, the book makesthe jump from black and white to full and vivid color.With the help of colorful cartoon illustrations, lively humor,and deceptively simple storytelling, the Schiff's bring the complexsubjects of inflation, monetary policy, recession, and otherimportant topics in economics down to Earth. The story starts withthree guys on an island who barely survive by fishing barehanded.Then one enterprising islander invents a net, catches more fish,and changes the island's economy fundamentally. Using thisstory the Schiffs apply their signature take-no-prisoners logic toexpose the glaring fallacies and gaping holes permeating the globaleconomic conversation. The Collector's Edition:* Provides straight answers about how economies work, withoutrelying on nonsensical jargon and mind-numbing doublespeak theexperts use to cover up their confusion* Includes a new introduction that sets the stage for developinga deeper, more practical understanding of inflation and the abusesof the monetary system* Adds two new chapters that dissect the Federal Reserve'sQuantitative easing policies and the European Debt Crisis.* Colorizes the original book's hundreds of cartoonillustrations. The improved images, executed by artist BrendanLeach from the original book, add new vigor to thepresentation* Has a larger format that has been designed to fit most coffeetables.While the story may appear simple on the surface, as told by theSchiff brothers, it will leave you with a deep understanding ofHow an Economy Grows and Why It Crashes.

Disclosure ixAuthor's Note xiIntroduction to the Collector's Edition xiiiIntroduction xviiChapter 1 An Idea Is Born 1Chapter 2 Sharing the Wealth 13Chapter 3 The Many Uses of Credit 27Chapter 4 Economic Expansion 39Chapter 5 Prosperity Loves Company 49Chapter 6 Put It in the Vault 67Chapter 7 Infrastructure and Trade 81Chapter 8 A Republic Is Born 95Chapter 9 Government Gets Creative 105Chapter 10 Shrinking Fish 121Chapter 11 A Lifeline from Afar 131Chapter 12 The Service Sector Steps Up 143Chapter 13 Closing the Fish Window 159Chapter 14 The Hut Glut 167Chapter 15 The Hut Rut 185Chapter 16 Stepping on the Gas 203Chapter 17 A Reprieve 215Chapter 18 Occupy Wharf Street 227Chapter 19 The Fish Hit the Fan 241