A free market economy. We hear the words. Colleges crank out students with degrees in economics every year. Supposedly noted "economists" write columns in national newspapers telling us why we aren't really in trouble. "Just trust them." They know what they're doing.
Then they have that deer in the headlights look when catastrophic events occur that shake our nation's financial core. These same pundits then scramble to explain how such things could happen when they told us "we aren't really in trouble."
But since the truth about economics isn't taught in schools, most of us don't even know what questions to ask. And since we aren't sure of the questions, it seems as though the only alternative is to just go along with what the supposed experts tell us. Even if they continue to do the same things and we continue to get the same results. Isn't that a definition of insanity?
But there really is an alternative. Seek knowledge. Seek that insight from people who aren't relying on buying election votes by telling everyone that government will take care of them. Instead check out quality information from people with track records of accurate predictions.
In this page, we're reviewing one of those accurate sources of information. We're presenting a book by Peter and Andrew Schiff. The title is "How An Economy Grows And Why It Crashes." This book will clear up the muddy waters of economics. And it will do so in a unique manner. The Schiff brothers provide this fantastic information in the form of a story. If you check out the collector's edition, you'll even get great full color illustrations.
The Schiff brothers use an island setting to build their story. You'll have no problem seeing the correlation to the growth of our nation. Their story will make it very easy to see how very simple steps along with some hard work and imagination grew the economy of this little island. Much like early America.
There are many reasons why the United States of America was created. There are the very patriotic reasons. Life, liberty and the pursuit of happiness. A nation of people longing to be free. Those reasons are valid. But the tipping point was very simple. Taxes. Burdensome taxes piled on top other taxes.
After every chapter, you'll find a sort of wrap up called "Takeaway." Peter and Andrew Schiff use this space to explain how this free market economy expanded. They provide some real life comparisons.
They will take you on the growth journey leading up to a time when people needed to store their monetary units. The creation of the banking system. Next will be the methods of loaning this currency.
As the island's free market economy grew, a system of small central government was set up. Much like our Founding Fathers. The Schiff brothers do a very good job explaining how this concept was blown up to go far beyond the original intentions of the early islanders.
This book will make understanding economics very easy for you. You will understand how a free market economy is supposed to work. Free market capitalism is supposed to offer everyone an equal opportunity. It is not supposed to take from those who do the work so bureaucrats can give it away to those who don't want to get off the couch.
Our free market economy offers opportunity, but no guarantees. Crony capitalism evolved when politicians and bankers sought to secure their power base by making the population dependent upon a large central government.
You'll have a very clear understanding of the basic mechanics of a free market economy when you finish reading "How An Economy Grows And Why It Crashes." This book by Peter and Andrew Schiff should be a part of the curriculum for every high school in America. But since it isn't, we as parents need to provide the advantage of this book to them.
You'll also get an interesting take on the subject of deflation. It may clear up some common misconceptions.
This book is truly an instant classic. The Schiff brothers have made economics an easy study. The mainstream economists would hate to see too many people learning the truth. It would result in dramatic differences in elections. Which would put many of them out of work.
I cannot express in strong enough terms how much value and insight you will get from this book. And it will be fun for you to read as well. Knowledge is the new money. Don't leave the big decisions in the hands of bureaucrats.
It is your money. And your future. Please take charge of it.