Friday, April 30, 2010

How An Economy Grows

Fantastic book released this week from economist Peter Schiff titled "How An Economy Grows, And Why It Crashes."

The book is told in story form with pictures about three men that wash up on a deserted island and begin to build an economy.

It uses simple illustrations to explain some of the more complex terms in today's modern financial world.

It also begins with a great discussion on why students today are taught Keynesian economists instead of Austrian economics, and how this fundamental misunderstanding of economics is what has put us in the dire position we face today.

It also clearly shows that what we are doing today will only make the problem much worse and the ultimate financial crisis far greater.

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