"How An Economy Grows, and Why It Doesn't"
Shades of Edward Bernays! It's a fascinating mix of useful & twisted concepts, many misapplied.
The subtle but cascading misconceptions & arbitrary constraints get boring quickly ... and there's no mention of "return-on-coordination" whatsoever.
The most notable point is that Schiff seems fixated on static measures of value, and apparently unaware of any concept of dynamic value.
His perception of capital seems to be entirely static vs dynamic.
Seems a tremendous pity. Irwin, Peter Schiff's father, ended up in jail for tax evasion, but on many points he & Peter are so close to being in paradigm with modern, fiat monetary operations. It's a pity neither studied some form of complex systems - instead of only static accounting. That might have made all the difference in subtly improving their situational awareness of a very dynamic world.
