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"Island Economics" Author: Peter Schiff / Andrew Schiff Publisher: CITIC Press
"Island Economics" Author: Peter Schiff / Andrew Schiff Publisher: CITIC Press
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Description
Introduction · · · · · ·
You must be very curious: where does inflation come from?
Why does China buy so much U.S. Treasury bonds?
Should we spend money or save money to reverse the deteriorating economic situation?
Why are some countries rich and others poor?
How did the global economic crisis happen?
How to conduct professional and vivid analysis of various phenomena in the economic field is a difficult task. How to enable readers from 9 to 90 years old to understand the economic laws behind daily life phenomena through a book is an almost impossible task. "Island Economics" is such a book. It takes economics down from the unattainable shelf and puts it back on the kitchen table through illustrations, humorous words and plain storytelling. It belongs there.
This story about fish, fishing nets, saving money, and borrowing money reveals how the economy works and reflects the hidden loopholes in today's economic system and policies. The Schiff brothers use witty and humorous methods to explain the roots of economic growth, the importance of trade, savings, and risk, the roots of stagflation, the impact of interest rates, the government's stimulus mechanism, and the destructive nature of consumer credit. These issues are often discussed but often misunderstood. For readers who want to get out of misunderstandings and understand the basic theories and common sense of economics, this book will bring surprises.
About the Author
Peter Schiff is an economist, best-selling author, and current president of Euro Pacific Capital. His views are often cited by major news media, and he successfully predicted the 2008 economic crisis. He also wrote the super-bestseller "The Great Dollar Collapse".
Andrew Schiff is a senior media and marketing consultant in the financial services industry. He is currently responsible for communications and media management at Euro Pacific Capital.
