Monday, December 23, 2013

How An Economy Grows And Why it Crashes: Simplifying Economics

There are teachers who use this book around the world to help educate students in the classroom. Today the Keynesian economists really overcomplicate what really is a very simple subject of economics. And I think why the book does so well is, we break down the complexities of our modern day economy in which these economic principles seem to be lost, we break it down and we focus on a simple island with three individuals, struggling to survive and then its in that context that we introduce all these economic principles and then we demonstrate how the principles do not change as the economy grows and becomes more complex. The book is very humorous, you can read the entire thing in three to four hours. 

Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.

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