How an Economy Grows and Why It Crashes by Peter D. Schiff

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How an Economy Grows and Why it Crashes uses illustration,humor, and accessible storytelling to explain complex topics ofeconomic growth and monetary systems. In it, economic expert andbestselling author of Crash Proof, Peter Schiff teams up with hisbrother Andrew to apply their signature "take no prisoners" logicto expose the glaring fallacies that have become so ingrained inour country?s economic conversation.

Inspired by How an Economy Grows and Why It Doesn?t?apreviously published book by the Schiffs? father Irwin, a widelypublished economist and activist?How an Economy Grows and Why ItCrashes incorporates the spirit of the original whiletackling the latest economic issues.With wit and humor, the Schiffsexplain the roots of economic growth, the uses of capital, thedestructive nature of consumer credit, the source of inflation, theimportance of trade, savings, and risk, and many other topicalprinciples of economics.

The tales told here may appear simple of the surface, but theywill leave you with a powerful understanding of How an EconomyGrows and Why it Crashes.


About Peter D. Schiff

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Peter D. Schiff is a seasoned Wall Street prognosticator best known for his accurate predictions of the performance of the stock market, commodities, gold, and the dollar. He is one of the few unbiased investment advisors to have predicted the current bear market and positioned his clients accordingly. Schiff began his career at Shearson Lehman and joined Euro Pacific Capital in 1996, becoming President of the firm in 2000. He appears frequently on Fox Business News, CNN, CNBC, and Bloomberg TV, and has been quoted in such publications as the Wall Street Journal, Barron's, the Financial Times, and the New York Times. Schiff is also the author of the original edition of Crash Proof as well as The Little Book of Bull Moves in Bear Markets, both published by Wiley.John Downes is coauthor of the bestselling Dictionary of Finance and Investment Terms, Barron's Finance and Investment Handbook, and Beating the Dow. He lives in Poughquag, New York.
Published April 29, 2010 by Wiley. 258 pages
Genres: Business & Economics. Non-fiction

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With that, investors might want to consider exposure to gold miners like Barrick Gold (NYSE: ABX ) and Newmont Mining (NYSE: NEM ) or exchange-traded funds SPDR Gold Trust (NYSE: GLD ) or iShares Silver Trust (NYSE: SLV ) .

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