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How An Economy Grows And Why It Crashes Summary Audiobook

Peter D. Schiff

Explaining the basic principles of economics through a simple story

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Information

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Author: Peter D. Schiff

Narrator: Brian

Format: MP3

IBSN: 9780470526705

Language: English

Publish Date: 29/04/2010

Audiobook length: 31min

Contents

Chapter 1Overview
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Chapter 2What is the root cause of economic growth?
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Chapter 3Should we spend or save money if we want the economy to get better?
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Chapter 4Which is better, inflation or deflation?
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Chapter 5Summary & Review
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Who should listen How An Economy Grows And Why It Crashes

The summary audiobook of "How An Economy Grows And Why It Crashes" by Peter D. Schiff is ideal for anyone seeking to deepen their understanding of economic principles and the cycles of financial markets. Business students, aspiring entrepreneurs, investors, and policymakers will benefit from Schiff's insights into how economies function and the common pitfalls that can lead to economic downturns. Additionally, general listeners interested in gaining a clearer perspective on current economic issues and improving their financial literacy will find the summary both informative and engaging.

3 quotes from How An Economy Grows And Why It Crashes

  • "The economy is simply a collection of individual actions, each of which contributes to the overall result. If we can understand these actions and their consequences, we can better navigate the economy."
  • "Crashes are not the result of random events; they are the inevitable consequence of poor decisions made during the boom phase of the economic cycle."
  • "True wealth is created by producing goods and services, not by manipulating money or creating debt. Sustainability requires respecting the fundamental principles of economic growth."

Author : Peter D. Schiff

Peter D. Schiff is a famous American economist and advocate of the Austrian School of economic thought. He is currently President of Euro Pacific Capital. As he accurately predicted the 2008 economic crisis, Schiff is known as a “seasoned Wall Street prognosticator.” His views are often quoted by major news outlets. Apart from this book, Schiff is also the author of the best sellers Crash Proof: How to Profit from the Coming Economic Collapse and The Little Book of Bull Moves in Bear Markets: How to Keep Your Portfolio Up When the Market is Down, which have been translated into many languages and published worldwide. Peter Schiff's brother Andrew J. Schiff co-authored this book.