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.

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suggested

Frederic Bastiat

The Law

Read this for FREE at mises.org

The Law, originally published as a pamphlet in 1850. It defines, through development, a just system of laws and then demonstrates how such law facilitates a free society. In The Law, he wrote that everyone has a right to protect "his person, his liberty, and his property". The State should be only a "substitution of a common force for individual forces" to defend this right. "Justice" (defense of one's life, liberty, property) has precise limits, but if government power extends further, into philanthropic endeavors, government becomes so limitless that it can grow endlessly. The resulting statism is "based on this triple hypothesis: the total inertness of mankind, the omnipotence of the law, and the infallibility of the legislator." The public then becomes socially-engineered by the legislator and must bend to the legislators' will "like the clay to the potter": "I do not dispute their right to invent social combinations, to advertise them, to advocate them, and to try them upon themselves, at their own expense and risk. But I do dispute their right to impose these plans upon us by law – by force – and to compel us to pay for them with our taxes". Bastiat posits that the law becomes perverted when it punishes one's right to self-defense (of his life, liberty, and property) in favor of another's right to "legalized plunder," which he defines as: "if the law takes from some persons what belongs to them, and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime." Bastiat was thus against redistribution.

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Murray Polner & Tom Woods

We Who Dared to Say No to War: American Antiwar Writing from 1812 to Now

We Who Dared to Say No to War uncovers some of the forgotten but compelling body of work from the American antiwar tradition—speeches, articles, poetry, book excerpts, political cartoons, and more—from people throughout our history who have opposed war. Beginning with the War of 1812, these selections cover every major American war up to the present and come from both the left and the right, from religious and secular viewpoints. There are many surprises, including a forgotten letter from a Christian theologian urging Confederate President Jefferson Davis to exempt Christians from the draft and a speech by Abraham Lincoln opposing the 1848 Mexican War. Among others, Daniel Webster, Mark Twain, Andrew Carnegie, Grover Cleveland, Eugene Debs, Robert Taft, Paul Craig Roberts, Patrick Buchanan, and Country Joe and the Fish make an appearance. This first-ever anthology of American antiwar writing offers the full range of the subject's richness and variety.

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Designs for Health

NeuroMag - Chelated Magnesium L-Threonate for Cognitive Support

COGNITIVE FOCUSED MAGNESIUM - Researchers at MIT concluded that elevating brain magnesium content via supplementation with magnesium L-threonate may be a useful strategy to support cognitive abilities.

SUPERIOR BIOAVAILABILITY - Many Magnesium supplements have low bioavailability in relation to the brain. This form of magnesium may offer superior brain support due to its ability to transport magnesium ions across lipid membranes.

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