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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Liberty Portal is a gateway for free markets and free thinking. We aggregate open-sourced content to promote and popularize important lessons from economics, philosophy, history and more.

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Michal Malice

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The Russian Revolution was as red as blood. The Bolsheviks promised that they were building a new society, a workers’ paradise that would change the nature of mankind itself. What they ended up constructing was the largest prison that the world had ever seen, a Union of Soviet Socialist Republics that spanned half the globe. It was a country where people's lives meant nothing, less than nothing—and they knew it. But no matter what atrocity that the Soviets committed—the secret police, the torture chambers, the show trials, the labor camps and the mass starvation—there was always someone in the West rushing to justify their bloodshed. For decades it seemed perfectly obvious that the USSR wasn’t going anywhere—until it vanished from the face of the earth, gradually and then suddenly. This is the story of the rise and fall of that evil empire, and why it is so important for the good to never give up hope. This is the white pill.

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Tom Woods

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Matt Ridley

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Human society evolves. Change in technology, language, morality, and society is incremental, inexorable, gradual, and spontaneous. It follows a narrative, going from one stage to the next, and it largely happens by trial and error—a version of natural selection. Much of the human world is the result of human action but not of human design: it emerges from the interactions of millions, not from the plans of a few.

Drawing on fascinating evidence from science, economics, history, politics, and philosophy, Matt Ridley demolishes conventional assumptions that the great events and trends of our day are dictated by those on high. On the contrary, our most important achievements develop from the bottom up. The Industrial Revolution, cell phones, the rise of Asia, and the Internet were never planned; they happened. Languages emerged and evolved by a form of natural selection, as did common law. Torture, racism, slavery, and pedophilia—all once widely regarded as acceptable—are now seen as immoral despite the

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