When the talking heads in the mainstream media start to discuss economics, do your eyes glaze over as you quickly reach for the remote? Do you view the economy as irrelevant to your own life? Do acronyms like GDP and FOMC seem like mere random Scrabble squares? How an Economy Grows and Why it Crashes uses simple artwork, wit, and comprehensible storytelling to describe the complex subject of economic development and monetary systems. The author, Peter Schiff (one of the few economists who accurately predicted the 2008 crash), along with his brother, Andrew, present a concise tale that cuts through the noise of what passes for modern economic understanding.
This is a book that even a 12 year old can understand. In fact, if my parents could have given me a copy for my 12th birthday, I could have avoided a lot of financial pain over the years. This book made me chuckle repeatedly and helped me to grasp in simple terms what is wrong with our economic system and what will need to be done if we are to correct it. But, more importantly, it’s helped to show where I can make sound choices in my own financial life, in spite of the problematic monetary structure we are under.
More on Peter Schiff:
This compiled set of clips demonstrates Peter Schiff’s accurate insight into our economy: Peter Schiff Was Right 2006 – 2007 (2nd Edition)
Schiff frequently appears as a guest on financial television and is often quoted in major financial publications. He is host of The Peter Schiff Show, a radio show broadcast on terrestrial and internet radio. He is a frequent guest on internet radio as well as the host of the former podcast Wall Street Unspun. In 2010 Schiff ran as a candidate in the Republican primary for the United States Senate seat from Connecticut.
Peter is the son of Irwin A. Schiff, a conspicuous figure in the United States tax protester crusade. Irwin is known for writing and promoting literature (including How an Economy Grows and Why It Doesn’t, a precursor to the book of topic) that claims the United States income tax is applied incorrectly. He has lost several civil cases against the federal government and is currently serving a 13-year plus sentence in the Terre Haute Federal Correctional Complex for various federal tax crimes. His projected release date is October 7, 2016.
Take a look at some of the other reader’s reviews (you may need to scroll down). I especially like the one by “javajunki”.