Inflation: What It Is, Why It's Bad, and How to Fix It

INFLATION: What is It? Why It's Bad—and How to Fix It 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? INFLATION answers these and other questions in an engaging conversation that speaks to a wide audience. Drawing on examples from the headlines and from history, the book gives readers an understanding of what inflation means for the economy and society, while also addressing everyday concerns—such as steps to take to protect your wealth. INFLATION also debunks longtime misconceptions that may be setting the stage for a new crisis. Among them: The notion that 'a little inflation' helps the economy. The book explains why this is misguided and why the current rage for the heedless money-printing prescribed by so-called 'Modern Monetary Theory' may lead the nation—and the world—down the road to disaster. INFLATION draws on the expertise of its two distinguished co-authors: Nathan Lewis, internationally renowned scholar and author of definitive books on money and taxation; and Steve Forbes, Chairman of Forbes Media, noted author and commentator, acclaimed for his insights on money and the economy.Edited by author and journalist Elizabeth Ames, INFLATION will foster an understanding of this important subject that should be critical to navigating the days ahead. It is a must-read for anyone concerned about the nation's future.