How an Economy Grows and Why it Crashes (2010) is an illustrated polemic on various economic topics by Peter Schiff and Andrew Schiff. The Audio book allegorically explores such topics as inflation, deficit spending, central banking,international trade, and the housing bubble and credit collapse of 2008. The Washington Times stated that the Audio book “[conveys] the often intuitive ideas of economics through an engaging, fictitious story richly illustrated with amusing cartoons.”
The Audio book was a 2010 winner of the get Abstract International Audio book Award, and a New York Times best-seller.
The Audio book was based on an earlier “economic comic Audio book” by the authors’ father Irwin Schiff, titled How an Economy Grows and Why it Doesn’t.
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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 Audio 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.
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).Using illustration, humour and storytelling, the authors take economics off its lofty shelf and place it back on the kitchen table (TheStar.com, September 2010).
From the Back Cover
EveR WONDER . . .
- Why governments can spend without ever seeming to run out of money?
- Why some countries are rich while others are poor?
- Whether spending or saving is the best cure for a bad economy?
- Where inflation comes from?
- Why it’s so hard to catch a fish with your bare hands?
How An Economy Grows And Why It Crashes
Understanding how all the pieces of an economy fit together can be a daunting task—especially when the experts
can’t seem to do it. But when you get down to the basics, it is much easier than you may think. How an Economy Grows and Why It Crashes uses illustrations, humor, and accessible storytelling to take economics off its lofty shelf and put it back on the kitchen table where it belongs.
This straightforward story of fish, nets, saving, and lending exposes the gaping holes that lie hidden in our global economic conversation. With wit and humor, the Schiffs explain the roots of economic growth, the importance of trade, savings, and risk, the source of inflation, the effects of interest rates and government stimulus, the destructive nature of consumer credit, and many other economic principles that are so frequently discussed and so poorly understood.
The story may appear simple on the surface but it will leave you with a powerful understanding of How an Economy Grows and Why It Crashes.
Free Download How an Economy Grows and Why It Crashes by Peter D. Schiff, Andrew J. Schiff Paper Book