A.SCHIPF

>

With wit and humour Schlff explains:

1. The roots of economic growth.2. The economic benefits of underconsumption.3. Where savings come from.4. Why economic growth is dependant on

savings.

5. How consumer spending stiffels economicgrowth.

6. How capital is created.7. How governments destroy capital.8. The four uses of capital.9. How capital benefits even those who don’t

have any.10. The destructive nature of consumer credit.11. How free enterprise forces capitalists, no mat-

ter how mean and greedy, to benefit society, ifthey want to get richer.

12. Why government can not expand credit.13. How the federal government loots society's

limited store of savings.

14. How the Federal Reserve operates as the U.S.Government's partner in crime.

15. Where inflation comes from and why prices goup.

1 6. How the government creates unemployment.17. The myth of government “jobs” programs.18. Why most politicians are deceivers, (this of

course will not be news to many, but this bookwill allow you to cite chapter and verse.)

19. How the U.S. government destroys America’sability to produce.

20. Plus a whole lot morel

HOW ANECONOMYGROWS

^cuicL'

WHY IT DOESNT

BOOKS BY IRWIN SCHIFF

The Great Income Tax Hoax

How An Economy Grows and Why It Doesn't

The Social Security Swindle— How Anyone Can DropOut

How Anyone Can Stop Paying Income Taxes

The Kingdom of Moltz

The Biggest Con: How The Government Is Fleecing You

Copyright * 1985 by Irwin A. Schiff

Published by Freedom Books

RO. Box 5303, Hamden, Connecticut 06518

Printed in the United States of America. All rights reserved. No part ofthis publication may be reproduced, stored in a retrievable system, ortransmitted in any form or by any means, eletronic, mechanical, photo*

copying, recording, or otherwise without the prior written permission of

the publisher.

Library of Congress Cataloging Card No. 85-070522ISBN: 0-930374-06-1

Irwin A. Sch iff was born inNew Haven, Connecticut in1928, and is a graduate of theUniversity of Connecticut,

where he majored in economicsand accounting. After serving in

the Army Finance Corp, he en-tered the life insurance field. Heearned a C.L.U. degree in 1958.

opened his own agency in 1960,and became a licensed(N.A.S.D.) securities salesman

in 1962. His extensive business

and financial dealings afforded

him ample opportunity to viewfirst hand the distortions, theinefficiencies and the hardships

caused by government regula-tion, taxation, and economicinterference.

In 1968, he testified before the Supreme Committee on Bankingand Currency opposing removal of gold backing from U.S. currency.

His testimony while diametrically opposed to that of all government

witnesses, proved to be dead right, while those of government “ex-

perts’’ proved to be dead wrong.

Growing increasingly fearful that irresponsible policies pursued by

Washington politicians could only lead to economic and social dis-

aster, he decided, in 1974, to write a book explaining why and offeringsolutions to prevent it.

That book, entitled The Biggest Con: How the Government is Fleec-ing You, contains the original narrative from which How An EconomyGrows and Why It Doesn't was taken. For a more indepth, academictreatment of how the U.S. Government creates such things as infla-tion, unemployment, poverty and crime and how it can destroy aneconomic system, read The Biggest Con.

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