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

Inflation: What It Is, Why It''s Bad, and How to Fix It explains what''s behind the worstinflationary storm in more thanforty years--one that is dominating the headlines and shaking Americansby their pocketbooks. The cost-of-living explosion since the COVID pandemichas raised alarms about a possible return of a 1970''s-style"Great Inflation." Some observers even fear a descent into the kind ofWeimar-style hyperinflation that has torn apart so many nations. Is this true?If so, what should be done? How should we prepare for thefuture?    

Inflation answers these and otherquestions in an engaging discussion that draws on the singular expertise ofSteve Forbes, chairman of Forbes Media, acclaimed for his insightson money and the economy; Nathan Lewis, internationally renowned expert on money andtaxation; and author and journalistElizabeth Ames.  

The authors say that today''sproblems can be solved by discarding longstanding beliefs that helped bring onthe current crisis. They include the notion that centralbanks can create prosperity through artificially creating money "out of thin air," and also thateconomic "stability" requires "a little inflation." Such ideas for decades havebeen Holy Writ in official Washington. Inflation shows why they are misguided. The book alsoexplains why the current rage for heedless money-printing advocated byleft-wing advocates of so-called Modern Monetary Theory is likely to lead thenation--and the world--down the road to disaster. 

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

Inflation is essential reading foreveryone seeking to navigate these tumultuous times.