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When it comes to economics, we often think of obscure concepts and principles. However, the book How An Economy Grows And Why It Crashes simplifies this by telling a story of people fishing on an island. Through this story, we can more easily understand the economy, economic growth, its root cause, as well as inflation and deflation. This book makes dry and dull economic concepts easy to understand, and at the same time mirrors the operating system of the U.S. economy.
Peter D. Schiff is a famous American economist and advocate of the Austrian School of economic thought. He is currently President of Euro Pacific Capital. As he accurately predicted the 2008 economic crisis, Schiff is known as a “seasoned Wall Street prognosticator.” His views are often quoted by major news outlets. Apart from this book, Schiff is also the author of the best sellers Crash Proof: How to Profit from the Coming Economic Collapse and The Little Book of Bull Moves in Bear Markets: How to Keep Your Portfolio Up When the Market is Down, which have been translated into many languages and published worldwide. Peter Schiff's brother Andrew J. Schiff co-authored this book.
