Inflation: What It Is, Why It\u2019s Bad, and How to Fix It\u00a0<\/i>explains what\u2019s behind the worst inflationary storm in more than forty years\u2014one 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\u2019s-style \u201cGreat Inflation.\u201d 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?<\/p>\n
Inflation<\/i>\u00a0answers 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.<\/p>\n
The authors say that today\u2019s 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 \u201cout of thin air,\u201d and also that economic \u201cstability\u201d requires \u201ca little inflation.\u201d Such ideas for decades have been Holy Writ in official Washington.\u00a0Inflation<\/i>\u00a0shows 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\u2014and the world\u2014down the road to disaster.<\/p>\n
Packed with examples from the headlines and from history,\u00a0Inflation<\/i>\u00a0is 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.<\/p>\n
Inflation<\/i>\u00a0is essential listening for everyone seeking to navigate these tumultuous times.<\/p>\n