How an Economy Grows and Why It Crashes

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.

Table of Contents

CHAPTER 1: AN IDEA IS BORN

CHAPTER 2: SHARING THE WEALTH

CHAPTER 3: THE MANY USES OF CREDIT

CHAPTER 4: ECONOMIC EXPANSION

CHAPTER 5: PROSPERITY LOVES COMPANY

CHAPTER 6: PUT IT IN THE VAULT

CHAPTER 7: INFRASTRUCTURE AND TRADE

CHAPTER 8: A REPUBLIC IS BORN

CHAPTER 9: GOVERNMENT GETS CREATIVE

CHAPTER 10: SHRINKING FISH

CHAPTER 11: A LIFELINE FROM AFAR

CHAPTER 12: THE SERVICE SECTOR STEPS UP

CHAPTER 13: CLOSING THE FISH WINDOW

CHAPTER 14: THE HUT GLUT

CHAPTER 15: THE HUT RUT

CHAPTER 16: STEPPING ON THE GAS

CHAPTER 17: THE FISH HIT THE FAN

About the Authors

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.