Inflation

p class="MsoNormal">“A sharp, incisive explanation of inflation and the threat it poses to our economy and our democracy. This important book should be read by the

Federal Reserve and by all of us who care about our way of life.”

—Senator Rand Paul (R-KY)

 

“The timing is remarkable for this compelling work, which brilliantly explains

the importance of sound money as the foundation for productive economic growth.

Steve Forbes, Nathan Lewis, and Elizabeth Ames have articulated a message

that rings with moral clarity and indisputable economic logic.”

—Judy Shelton, senior fellow, Independent Institute

 

“A powerful and compelling discussion that lays out the dangers of inflation—

and what it means not only for the economy, but also for us as a society.

It is essential reading in these troubled times.”

—Ken Blackwell, adviser, America First Policy Institute

 

“Inflation and taxes are the two scourges to the economy that the government

can actually address. Inflation lets us know that, as in the 1970s, there is a

clear way out of our current malaise. If we cut tax rates and target the dollar to gold,

America will come back. Simple and correct answers are what I like.”

—Dr. Arthur Laffer, economist, author, and presidential advisor

 

“Inflation deals with one of the most important and misunderstood issues of

all time. Forbes, Lewis, and Ames provide an insightful history of the extraordinary

negative impact of inflation and, in Chapter Six, appropriate solutions. Anyone

who wants to understand the role of money should read this book.”

—John Allison, retired president and CEO, Cato Institute,

retired chairman and CEO, BB&T (now Truist Financial)

 

“Wealth is knowledge. Rush now to enrich yourself with Inflation,

a scintillating emergency manual for financial survival on a planet infested by

a raging pandemic of viral politicians and central bankers.”

—George Gilder, author of the forthcoming Information Theory of Economics 


Auteur

Steve Forbes is Chairman of Forbes Media, the foremost name in business information. A widely respected economic prognosticator and regular broadcast commentator, he hosts the acclaimed webcast "What’s Ahead." He is the author and co-author of several books, including Money, the bestselling How Capitalism Will Save Us, and Flat Tax Revolution. *He helped create the award-winning documentary *In Money We Trust?  In 1996 and 2000 he campaigned vigorously for the Republican nomination for the presidency.Nathan Lewis is among the world’s leading authorities on monetary policy and economic history. He is the author of The Magic Formula: The Timeless Secret to Economic Health and Prosperity; Gold: The Once and Future Money; Gold: The Monetary Polaris; and Gold: The Final Standard. *A Discovery Institute Fellow, his writing has appeared in *Forbes, the Financial Times, and elsewhere. He publishes The Polaris Letter, a monthly investment newsletter available at NewWorldEconomics.com.

Elizabeth Ames is a noted commentator and author. She has collaborated with Steve Forbes on several books including Money. Her articles have appeared in Foxnews.com, The Daily Caller*, American Spectator, *and other outlets. She is co-producer and writer of the award-winning, public television documentary, *In Money We Trust?, *which has aired nationwide and can be viewed at InMoneyWeTrust.org.

Texte du rabat

"Inflation explains the forces behind the epidemic of soaring prices squeezing individuals and businesses still struggling in the aftermath of the COVID pandemic. An alarming rise in the cost of living has stoked fears of a new crisis resembling the decade-long inflation of the 1970s. Some even raise the specter of a descent into the kind of Weimar-style hyperinflation that has torn apart so many nations. Can this be true? If so, what should be done? How should we prepare for the future?"--

Résumé

**Steve Forbes, Nathan Lewis, and Elizabeth Ames reveal what is behind the inflationary storm that is wreaking havoc on American pocketbooks.

“This important book should be read by the Federal Reserve and by all of us who care about our way of life.” —Senator Rand Paul (R-KY)

“A scintillating emergency manual for financial survival.” —George Gilder

Inflation: What It Is, Why It’s Bad, and How to Fix It explains what’s behind the worst inflationary storm in more than forty years—one that is dominating the headlines and shaking Americans by their pocketbooks. The cost-of-living explosion since the COVID pandemic has raised alarms about a possible return of a 1970’s-style “Great Inflation.” Some observers even fear a descent into the kind of Weimar-style hyperinflation that has torn apart so many nations. Is this true? If so, what should be done? How should we prepare for the future?

Inflation answers these and other questions in an engaging discussion that draws on the singular expertise of Steve Forbes, chairman of Forbes Media, acclaimed for his insights on money and the economy; Nathan Lewis, internationally renowned expert on money and taxation; and author and journalist Elizabeth Ames.

The authors say that today’s problems can be solved by discarding longstanding beliefs that helped bring on the current crisis. They include the notion that central banks can create prosperity through artificially creating money “out of thin air,” and also that economic “stability” requires “a little inflation.” Such ideas for decades have been Holy Writ in official Washington. Inflation shows why they are misguided. The book also explains why the current rage for heedless money-printing advocated by left-wing advocates of so-called Modern Monetary Theory is likely to lead the nation—and the world—down the road to disaster.

Packed with examples from the headlines and from history Inflation is a unique, real-world exploration of the subject that addresses everyday concerns of Americans under siege by rising prices, including steps you should take to protect your wealth.

Inflation is essential reading for everyone seeking to navigate these tumultuous times.

Échantillon de lecture

1. What Is Inflation?

The nation of Zimbabwe is one of the world’s most notorious inflaters. At one point its hyperinflation got so bad that the government issued a $100 trillion note. Eventually the country had to throw out its currency and start over, which they’ve done more than once. Misconceptions about inflation may not literally outnumber Zimbabwe dollars or, for that matter, Venezuelan bolívars, or Argentine pesos (two other hyperinflated currencies). But sometimes it can seem that way.

Throughout history, inflation has been blamed on everything from bad weather, to unions, to Wall Street greed. In the early 1920s, Germans blamed the Weimar Republic’s infamous hyperinflation on Jewish shopkeepers and bankers. Centuries earlier, the ancient Romans blamed theirs on Christians. In medieval times, inflation was blamed on witches.

Discussions of the subject are rife with fallacies and mistaken assumptions. Consumer price increases, for example, do not automatically signal inflation. Even the much-used description of inflation as coming from “too much money chasing too few goods” can be misleading. While inflation …