Inflation: What It Is, Why It’s Bad, and How to Fix It by Steve Forbes, Nathan Lewis, and Elizabeth Ames is a timely and accessible discussion of inflation and its perils. They explain the scourge, its causes, and the enormous havoc it wreaks on societies, and they have a silver bullet. Mindful inflation will be with us a while, they also counsel investors on how to protect their assets.
The authors define inflation as the devaluation of money and price increases as its symptom. They distinguish between nonmonetary and monetary inflation.
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