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Summary

In How an Economy Grows and Why it Crashes, economic expert  and bestselling author of Crash Proof and The Little Book  of Bull Moves in Bear Markets, Peter Schiff, presents economics  in two informative, yet thoroughly entertaining tales. The  illustrations were previously published by Peter Schiff's father,  Irwin A. Schiff, a trader and financial expert. The book takes  complex economic issues and distills them into a rousing allegory.  For example, a story takes place on a tropical island  where hunter-gatherer cavemen struggle daily to catch fish for  basic survival. As the economy of the island becomes  increasingly dynamic, institutions and government entities develop  to protect the islanders' savings and assets, and Schiff explains  the complexities that accompany this growth. With wit and humor,  Schiff explains the roots of economic growth, the uses of capital,  the destructive nature of consumer credit, and many other topical  principles of economic theory.   The tales leave you with a powerful understanding of  inflation and the abuses of the monetary system. How an Economy  Grows is an insightful illustrated book that both  entertains and teaches readers about the economic system.

Duration: about 4 hours (03:36:11)
Publishing date: 2020-07-20; Unabridged; Copyright Year: 2020. Copyright Statment: —

• Business & Economics