Using illustration, humor, and storytelling, this title explains complex topics of economic growth and monetary systems. It also explains 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.

'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).

Autorentext

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.

Klappentext

**An engaging introduction to the fundamental elements of an economy

**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, risk, and many other topical principles of economics.

• An insightfully illustrated book that both entertains and educates readers about our economic system
• A guide to understanding the concepts of risk, creation of capital assets, return, consumption, saving, and borrowing
• A witty and humorous approach to learning key economic concepts for beginners and professionals alike
  The tales told here may appear simple on the surface, but they will leave you with a powerful understanding of How an Economy Grows and Why it Crashes.

Zusammenfassung
How an Economy Grows and Why it Doesn't uses illustration, humour, and accessible storytelling to explain complex topics of economic growth and monetary systems. In it, economic expert and bestselling author, Peter Schiff, presents economics in two informative, yet thoroughly entertaining tales.

Inhalt

DISCLOSURE VIII

AUTHOR'S NOTE IX

INTRODUCTION XI

CHAPTER 1 AN IDEA IS BORN 1

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 10 SHRINKING FISH 119

CHAPTER 11 A LIFELINE FROM AFAR 129

CHAPTER 12 THE SERVICE SECTOR STEPS UP 141

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

ABOUT THE ILLUSTRATOR 233