Inflation

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

De: Steve Forbes, Nathan Lewis, Elizabeth Ames

Narrado por: Carol Monda

Duración: 4 h y 48 m

Resumen del Editor

Inflation: What It Is, Why It’s Bad, and How to Fix It explains what’s behind the worst inflationary storm in more than forty years—one 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’s-style “Great Inflation.” 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?

Inflation answers 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.

The authors say that today’s 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 “out of thin air,” and also 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 nation—and the world—down the road to disaster.

Packed with examples from the headlines and from history, Inflation is 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.

Inflation is essential listening for everyone seeking to navigate these tumultuous times.

©2022 Steve Forbes, Nathan Lewis, and Elizabeth Ames (P)2022 Blackstone Publishing

A topic everyone should understand

Mr. Forbes gives a great overview of the topic of inflation. In particular, he teaches the reader that inflation is not "higher prices ". Instead, he makes us appreciate that higher prices are a symptom of what inflation is at its core--the devaluation of our currency.
As Americans, we feel a false sense of security and immunity to reckless fiscal policies because the dollar is the world's reserve currency and because we like to believe America is undefeatable. But Mr. Forbes's many historical examples of failed societies due to devaluation of currency should give us pause. If Rome could fall, so can the USA.
The author maintains that the only sensible and responsible path is to revert back to the gold standard for the dollar. My only criticism of the book is that the author didn't spell out exactly how reverting to the gold standard would affect (in both the short and long run) various aspects of our financial life. Specifically, what would happen to food and commodity prices, the stock market, the price of housing, etc. He tells us again and again that the gold standard is the way to go, but I would have liked to hear what the day to day consequences (both good and bad) would be.
Forbes should be a cabinet member.

Inflation

Enjoy learning and getting tips to make inflation works for my money. Great research and historical

would recommend

Had some difficult concepts but did a great job explaining current economic situation and giving plenty of examples that show the similarities in inflationary circumstances in history.

EYE OPENING

The red pill about what money actually is and how it works. A must listen to every investor.

The Gold standard

This is a really good explanation of the mistakes made since we went off the gold standard in the 1970s. It shows that the feds desire for 2 1/2% inflation is not desirable. It shows how we can return to a gold standard that does not involve acres of gold hidden in a bank.
I really like the idea that we do not need 20,000 people working at the Fed calculating micromanagement of our Economy.

Easy to understand

Really enjoyed listening to this. It was clearly and concisely presented, giving a lot of history in how to fix the money problem

remembering the 70s

understanding how the inflation works and seeing how it's taking place and destroying our currency I pray for America.

precise information

it's an excellent book for learning all about inflation. in just a short amount of time

Easy to understand, how the gold standard works.

The first part is a summary of the chapters.
The second part is the chapter by chapter details.
In the end another but different summary / wrap up.
This book makes a sometimes confusing topic easier to understand.
The authors explain what is happening now in August 2022.

Will Buy the Hard Copy

The book issues strong warning of consequences current economic policy and
corrective action needed.