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How An Economy Grows And Why It Crashes Audiobook

How An Economy Grows And Why It Crashes

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Publisher's Summary

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.

©2010 Peter D. Schiff and Andrew J. Schiff. All rights reserved. (P)2010 Audible, Inc

What Members Say

Average Customer Rating

4.2 (638 )
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Performance
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  •  
    Pete Dallas 12-10-12
    Pete Dallas 12-10-12 Member Since 2012
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    "Good warm up to "The Real Crash""
    Any additional comments?

    For a more detailed understanding and explanation of the topics discussed in this book check out "The Real Crash" by Peter D Schiff

    0 of 0 people found this review helpful
  •  
    goatroper 12-05-12
    goatroper 12-05-12 Member Since 2009
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    "Very Nicely Done"

    This is very well done and a great explanation of economic growth and decline. Unfortunately, I believe it is missing some crucial parts that become important through time. It goes a long way toward discussing current fiscal policy and why it can't work. It's non-partisan.

    0 of 0 people found this review helpful
  •  
    Bob Duarte, CA, United States 10-10-12
    Bob Duarte, CA, United States 10-10-12 Member Since 2014
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    "Should Be Required Reading for Every Voter"

    This book is a very understandable description of the way our government is committing suicide by gross overspending and borrowing with no thought of tomorrow. Listen to it before you vote.

    0 of 0 people found this review helpful
  •  
    Julia 10-01-12
    Julia 10-01-12 Member Since 2006
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    "Schoolhouse Rock as an Audiobook"
    Would you listen to How An Economy Grows And Why It Crashes again? Why?

    Absolutely, remembering that this is an engaging read and good for the cardio. A perfect treadmill book.


    What did you like best about this story?

    This book takes a simple parable approach to economics.


    Which scene was your favorite?

    The scenes where donkeys were exchanged for Llamas as a fix for the "grass guzzling" carts.


    Any additional comments?

    This book is an earworm, you will find yourself quoting the book and applying the story to your daily life.

    0 of 0 people found this review helpful
  •  
    Sylvia Chandler, AZ, United States 04-30-12
    Sylvia Chandler, AZ, United States 04-30-12 Member Since 2011
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    "Great listen"
    What made the experience of listening to How An Economy Grows And Why It Crashes the most enjoyable?

    The way the two brothers made a imaginary story to convey their ideas


    What was one of the most memorable moments of How An Economy Grows And Why It Crashes?

    The ah's of understanding


    Did you have an extreme reaction to this book? Did it make you laugh or cry?

    Made me sick how our politicians play with us "peasants"


    Any additional comments?

    Great read to understand how the economy works and who is in charge.

    0 of 0 people found this review helpful
  •  
    Joe Quakers Hill, Sydney. Australia 03-15-12
    Joe Quakers Hill, Sydney. Australia 03-15-12 Member Since 2016
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    "wonderful"
    What made the experience of listening to How An Economy Grows And Why It Crashes the most enjoyable?

    relevant, easily explained great parable the more times you listen the more you learn


    What about Peter D. Schiff and Andrew J. Schiff ’s performance did you like?

    their authenticity


    0 of 0 people found this review helpful
  •  
    Kevron HILLSBORO, OREGON, United States 02-06-12
    Kevron HILLSBORO, OREGON, United States 02-06-12
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    "Excellent and entertaining analogy"
    Would you listen to How An Economy Grows And Why It Crashes again? Why?

    I loved this book and would listen to it again in a heart-beat. The analogy is entertaining, accurate and in many cases, quite funny. I found myself laughing out loud at the character names who represent real people from American economic history.


    What about Peter D. Schiff and Andrew J. Schiff ’s performance did you like?

    The readers (and authors) did an excellent job reading the story. Andrew Schiff read the analogy and Peter would jump in with a series of


    Was there a moment in the book that particularly moved you?

    The climactic ending was both dramatic and prophetic. I found myself loving the ending and hating it at the same time. I loved the irony but hate how tragic the ending is for the people in the book. The United States is on the same path as the people in the book unless policy makers hit the brakes on current policy and change direction.


    0 of 0 people found this review helpful
  •  
    Praetor 01-09-12
    Praetor 01-09-12
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    "Condensing the American economy into a parable"

    The book is essentially a parable of the growth of an economy, and eventually the growth and 20th century crises of the American economy. I can't say that it taught me a lot I didn't already know, but it does provide lots of information in condensed form. The format of a parable helps to clarify the authors' points, however it might also over-simplify, and make it easier to ignore points that might not fit with the authors' viewpoint. The points made do feel over-simplified at-times, and a slightly deeper discussion would have helped.

    Their viewpoint, by the way, is quite reasonable - that the idea that consumer spending (fuelled by government-backed cheap credit) can be an engine of economic growth is an absurdity. Economic growth has to be based on actual production. They heavily criticize the US administration's response to the current crisis (throwing more money at the market, and pushing even more cheap credit - that caused the crisis in the first place). The essence of their argument is that the heavy government meddling in the market is at-least partially responsible for the meltdown, and that their response prevents the market from healing - the companies/people who made foolish choices, like trying to "flip" investment homes, should pay the price, instead of transferring their mistakes to all tax-payers.

    Even if you don't fully agree with their analysis, this is an enjoyable listen, and I recommend it.

    0 of 0 people found this review helpful
  •  
    Roderick El Centro, CA, United States 09-26-11
    Roderick El Centro, CA, United States 09-26-11 Member Since 2014
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    "Awesome and easy to follow"

    My 9 year old son started listening to this with me. He said "Dad so the fish is money?" and then put his book down and listened on our 2 hour road trip. I love it when a book can be both educational and fun and the topic be something important and usually dry like economics. Thank you for the excellent book.

    0 of 0 people found this review helpful
  •  
    Steve from MD 10-12-13 Member Since 2011
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    "This is an example of Why Economics is not science"

    This book is why economics fails. We are to learn about the authors opinions about how he thinks economics works in the real world. To do this he creates a total fictitious land and then translates from the fiction to reality. This does not work. Lets start with some basics. On his island everyone not only does every one have a job this job provides for all the basic needs. Clearly this does not exist anywhere in the real world and with such a base how can you believe all that flows from this world would translate into ours. He also ignores history. He views all regulations as bad. There was a reason regulations are created and often they solve a problem. In our recent history we have deregulated banks and savings and loans both lead to huge bailouts. I could go as with his poor explanation of why the gold standard is so important. After all in his world fish do provide a real benefit to the inhabitants they can eat it and survive. How is gold similar. It only has value because others want it not. How does he explain the tulip bubble or the internet bubble? This occurred with out any government involvement. I would leave his fantasy world in fantasy land and take no useful lessons from such dribble.

    1 of 3 people found this review helpful

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