How an Economy Grows and Why It Crashes

A book well integrated about the past and the future ! Plus makes basics of Economics easy for non-specialists in Economics.

The best book I have read on economics

A must-have book for people who are not from economic backgrounds. Good storytelling and takeaway sections. Gives a basic understanding of how an economy starts in the first place and how it leads to the crash.

Good read. Good read for a layman to understand the cartel and it's functioning. It was indeed a good read

Peter Schiff is the MAN. The rare voice of reason among thousands of economists who are nothing but stooges of the BIG governments. Great work, Mr. Schiff.

You just have to read the book. Just read it to realize how truly it captures what is wrong with our country.

Economics explained in simple and funny way. Despite being a sad story of how the economy was built and destroyed, the autor makes us laugh every time.

Es un libro muy ameno y fácil de leer. De una manera muy simpática se describen los retos de una economía, desde el principio, hasta el colapso. Recomendable

This book is simply mind-blowing, though some of the details could have been better developed or revised. It reminds me of a Peter Lynch quote talking about one successful investor who didn’t have any formal business school experience: “The secret of his success is that he never went to business school. Imagine all the lessons he never had to unlearn.” I certainly have a rough idea that all the complicated models taught in textbooks are not challenged enough. However, it is upon reading this little book that I started to realize how much my reasoning was limited by all of these “demand-driven growth” baloney. Good and audacious work 👍

What Peter Schiff has told in this book, is something I used to think deeply about as a child. It is regarding the basics on how the economy governs. I remember in my youth thinking how some nations become wealthy and others poor, what determines wealth, where do business' get their money from (or where does the first person get his money from) etc. These were basic questions that I used to ponder over as a child, and as I got older, I learnt new stuff (e.g. macroeconomics) but my questions as a child remained unanswered. That was until I finished reading this book. Essentially, Peter Schiff tells a story, initially in it's primitive stages which gets complexed as you read further. It starts with 3 characters Able, Baker and Charlie who, in the beginning, have no other time except catching one fish a day, eating it, resting and sleeping. It states that through sacrifice and innovation, their standard of living increases (e.g. building a net that can catch two fishes). Thereafter, the story becomes complex with the introduction of banks, paper money, foreign nations etc but nevertheless, remains an extremely exciting read and understandable. If there is one thing I have realised is that all this wealth (i.e. the wealth of nations) comes about by lowering the cost of food (in this case the fish i.e. being able to catch more than one fish a day). I have realised that this is key to the success of standard of living (i.e. this is what creates the factories, the manufacturing industry, the tourism etc). This statement seems quite simple, yet something that is not first thought of given the complex economical system that we live in. Whilst I don't think the book states that clearly within the text, it gave me a sense of satisfaction that if I learnt just this from the book it would have been sufficient and a worthwhile read. I'm happily to say, that fortunately it touches on many more topics. Nevertheless, the wonderful tale presented by Peter Schiff captivates the reader to keep reading more. You can quite comfortably read this book within a few days even if you set aside a couple of hours at the end of a busy working day.