How the Economy Grows and Why it Crashes by Peter D. Schiff

Title: How an Economy Grows and Why it Crashes

Author: Peter D. Schiff

Publisher: Wiley

Date: 2010

How the Economy Grows is a wonderful allegorical explanation of how all the pieces of economy fit together. With illustrative stories and humorous anecdotes, Schiff explains the economy in a way that the average Wal-Mart shopper would be able to understand. Covering topics from economic growth, trade, risk, and inflation, How the Economy Grows makes it all incredibly easy to understand.

How the Economy Grows is a timely book on difficult subject. He puts forth strong language warning against the prolonged consequences of printing more money to sooth the market. This book helps the casual economist gain a powerful understanding of how the economy works and why we as a nation are in economic decline as a result of the burden of our collective debt. According to Schiff,  “For years we have been living beyond our means, and we must summon the resolve to finally live within them. If we can do that, and allow free market forces to operate unhindered, we can rebalance our economy and set the stage for a real expansion.”

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