How An Economy Grows And Why It Doesn’t

Irwin Schiff’s 1985 pictorial introduction to basic economics.

Irwin A. Schiff is a prominent figure in the United States tax protester movement.  Schiff is known for writing and promoting literature that claims the United States income tax is applied incorrectly.  He has lost several civil cases against the federal government and has a record of multiple convictions for various federal tax crimes. Schiff was sentenced to a 13-plus year sentence for tax crimes.  His projected release date: October 7, 2016.  Schiff is the father of stockbroker and former United States Senate candidate Peter Schiff.

Economics is the social science that analyzes the production, distribution, and consumption of goods and services.

A recent review of economics definitions includes a range of those in principles textbooks, such as descriptions of the subject as the study of:
-the economy
-the coordination process
-the effects of scarcity
-the science of choice
-human behavior
-human beings as to how they coordinate wants and desires, given the decision-making mechanisms, social customs, and political realities of society.

In 1950, Schiff graduated from the University of Connecticut with a Bachelor of Science degree in accounting and economics.  In 1968 he testified before the Senate Committee on Banking and Currency in opposition to the removal of gold backing from Federal Reserve Notes.  In 1976, he published a book entitled The Biggest Con: How the Government is Fleecing You.