Inflation

Inflation: WhatIt Is,Why Its Bad,and How to Fix Itexplains whats behindthe worst inflationary storm inmore than forty yearsone 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 1970s-style GreatInflation.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?Inflationanswers these and other questions inan engagingdiscussion 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 renownedexpert on money and taxation; andauthor and journalist Elizabeth Ames.The authors say that todays problems can be solved by discarding longstanding beliefs that helped bring on the current crisis. They include thenotion that central banks can create prosperity through artificially creating money out ofthin air, andalso 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 nationand the worlddown the road to disaster.Packed with examples from the headlines and from history,Inflationis a unique, real-world exploration of the subject that addresses everyday concerns of Americans under siege by risingprices, includingsteps you should take to protect your wealth.Inflationis essential reading for everyone seeking to navigate these tumultuous times.