Publisher's Synopsis
This Book explains what is causing the largest inflationary storm in more than forty years, one that is grabbing Americans by the wallets and dominating the news. Concerns about a potential reappearance of the "Great Inflation" of the 1970s have been raised by the rise in living expenses following the COVID outbreak.Some experts even worry about a relapse into the kind of hyperinflation that ravaged so many countries during the Weimar Republic.Is this a fact? what should be done if so? How can we get ready for the future?In a lively discussion that draws on the specialized knowledge of John Clark, a professor of economics. Inflation answer all these questions.According to the writers, the current crisis can be resolved by letting go of ingrained assumptions that contributed to its onset. They include the ideas that central banks may generate wealth by inventing money "out of thin air" and that "a little inflation" is necessary for economic "stability." Such concepts have long been regarded as divine law in official Washington. Inflation demonstrates their error.The book also illustrates why the current obsession with mindless money printing promoted by left-wing proponents of so-called Modern Monetary Theory would probably lead the country-and the world-down the path to disaster.Inflation is a unique, practical investigation of the topic that addresses the everyday worries of Americans under attack by rising costs, including methods you should take to protect your wealth. It is jam-packed with examples from the news and historical events.Everyone trying to make sense of these turbulent times should read up on inflation and click on the book to purchase it.
