Peter Schiff provides a clear and enlightening illustration of how the economy grows and why it crashes.
Each type of savings has a different effect on the economy. Money saved for a rainy day does not help the economy grow, but money lent out to those in need can really help an economy grow. Money invested also helps the economy grow.
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Peter Schiff wrote a book about the economic crashes that have happened throughout history. He talks about how inflation, deficit spending, and central banking can all be driving factors.
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