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 an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Investing In The Big Picture

There is a lot of politics when I talk about the markets, a lot of economics involved in it because I am generally investing in the big picture. So I don`t spend a lot of time getting into the particular details of a particular company, the balance sheet of a company or what I think it is going to happen to earnings. Lots of people talk about that. There is nothing really unique about having an outlook on a particular company.

So what I think is more unique is my perspective on the global economy, in particular the U.S. economy and a lot of it relates to politics because a lot of what is wrong with our economy can only be fixed politically.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.