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
Yes, to further appreciate basic economic principals including supply and demand and inflation.
The sale of the waterworks
The making of the first net.
As with all education - start with simple concepts and then incorporate them in to the bigger structure. This made the larger structure later in the book comprehensible and to make clear the madness operating under the fabricated cloak of complexity.
A collection of interesting characters drawn from real life illustrating not malicious intent, but human nature when freed from restraint.
Performances are always entertaining when the characterisations are in line with the authors original intent.
It's the economy stupid!
I would recommend this book to anyone who cares about their future and that of their children. It is approachable and understandable even by middle schoolers...and should be.
I would compare this straightforward analysis of how things work the way they do with Something for Nothing by Brian Tracy, but its story-telling style is like Og Mandino's work in its appeal and charm.
This is the first time I have read/listened to these authors.
Isles of Plenty, Oceans of Poor
Anyone with a mind that cares about how the world is changing, what works and what does not work and why should read/listen to this work.
Needed information done in an easy to understand format of story telling.
The effects of fake fish.
My children started to loss understanding about chapter 5-8. On the other hand I think that is about the same thing that happens to the population of any society that does this to their economic system.
For a more detailed understanding and explanation of the topics discussed in this book check out "The Real Crash" by Peter D Schiff
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.
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.
Absolutely, remembering that this is an engaging read and good for the cardio. A perfect treadmill book.
This book takes a simple parable approach to economics.
The scenes where donkeys were exchanged for Llamas as a fix for the "grass guzzling" carts.
This book is an earworm, you will find yourself quoting the book and applying the story to your daily life.
The way the two brothers made a imaginary story to convey their ideas
The ah's of understanding
Made me sick how our politicians play with us "peasants"
Great read to understand how the economy works and who is in charge.
relevant, easily explained great parable the more times you listen the more you learn
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