How an Economy Grows and Why It Crashes

Straight answers to every question you've ever had about howthe economy works and how it affects your life

In this Collector's Edition of their celebrated How anEconomy Grows and Why It Crashes, Peter Schiff, economic expertand bestselling author of Crash Proof and The RealCrash, once again teams up with his brother Andrew to spin alively economic fable that untangles many of the fallaciespreventing people from really understanding what drives an economy.The 2010 original has been described as a "Flintstones"take economics that entertainingly explains the beauty of freemarkets. The new edition has been greatly expanded in both quantityand quality. A new introduction and two new illustrated chaptersbring the story up to date, and most importantly, the book makesthe jump from black and white to full and vivid color.

With the help of colorful cartoon illustrations, lively humor,and deceptively simple storytelling, the Schiff's bring the complexsubjects of inflation, monetary policy, recession, and otherimportant topics in economics down to Earth. The story starts withthree guys on an island who barely survive by fishing barehanded.Then one enterprising islander invents a net, catches more fish,and changes the island's economy fundamentally. Using thisstory the Schiffs apply their signature take-no-prisoners logic toexpose the glaring fallacies and gaping holes permeating the globaleconomic conversation. The Collector's Edition:

• Provides straight answers about how economies work, withoutrelying on nonsensical jargon and mind-numbing doublespeak theexperts use to cover up their confusion
• Includes a new introduction that sets the stage for developinga deeper, more practical understanding of inflation and the abusesof the monetary system
• Adds two new chapters that dissect the Federal Reserve'sQuantitative easing policies and the European Debt Crisis. 
• Colorizes the original book's hundreds of cartoonillustrations. The improved images, executed by artist BrendanLeach from the original book, add new vigor to thepresentation
• Has a larger format that has been designed to fit most coffeetables.  

While the story may appear simple on the surface, as told by theSchiff brothers, it will leave you with a deep understanding ofHow an Economy Grows and Why It Crashes.