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

Book Description

Steve Forbes will be doing a live book signing at FreedomFest 2023

Grab Your Copy Today by Clicking HERE

Steve Forbes, Nathan Lewis, and Elizabeth Ames reveal what is behind the inflationary storm that is wreaking havoc on American pocketbooks. “This important book should be read by the Federal Reserve and by all of us who care about our way of life.” —Senator Rand Paul (R-KY) “A scintillating emergency manual for financial survival.” —George Gilder 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 reading for everyone seeking to navigate these tumultuous times.

Book Editorial

by Michael Beas

"Inflation: What It Is, Why It's Bad, and How to Fix It" by Steve Forbes is a timely and compelling exploration of the dangers posed by inflation and practical solutions to address this economic challenge. Forbes, a renowned businessman and financial expert, provides readers with a comprehensive understanding of inflation and its far-reaching consequences on individuals, businesses, and the broader economy.

The strength of Forbes' book lies in his ability to break down complex economic concepts into accessible language. He navigates through the intricate world of monetary policy, explaining the causes and mechanics of inflation in a clear and concise manner. Forbes avoids excessive jargon and instead focuses on making the subject matter relatable to readers from diverse backgrounds, ensuring that even those with limited economic knowledge can grasp the core ideas presented.

One of the book's standout features is its emphasis on the detrimental effects of inflation. Forbes skillfully demonstrates how inflation erodes the purchasing power of individuals, distorts economic decision-making, and creates uncertainty in financial markets. By highlighting historical examples and case studies, he effectively illustrates the negative consequences of unchecked inflation, allowing readers to recognize its impact on their daily lives and long-term financial well-being.

Forbes also provides a range of insightful strategies to combat inflation. He advocates for sound monetary policies and fiscal discipline, stressing the importance of central banks maintaining price stability and governments adopting responsible spending practices. The author's recommendations are practical and grounded in economic principles, making them viable solutions for policymakers and individuals alike.

While Forbes' book presents a strong argument against inflation, some readers may find the text biased towards a specific economic perspective. The author's ideological stance, which leans toward a free-market approach, may overshadow alternative viewpoints. However, it is important to note that Forbes acknowledges the complexities of economic systems and the need for thoughtful analysis and balanced solutions.

Additionally, the book could benefit from more concrete examples and case studies to reinforce the ideas presented. Although Forbes does include some illustrative anecdotes, further real-world examples would strengthen the book's impact and help readers grasp the concepts more effectively.

"Inflation: What It Is, Why It's Bad, and How to Fix It" is a valuable resource for those seeking to understand the nature and consequences of inflation. Steve Forbes' ability to distill complex economic concepts into easily digestible information is commendable. This book is recommended for readers interested in economics, finance, and public policy, as it provides a comprehensive analysis of inflation and offers practical solutions for a stable and prosperous economy.

Overall, Forbes' book serves as an accessible introduction to the topic, shedding light on the dangers of inflation and offering actionable insights to mitigate its adverse effects. Whether you are a student, investor, or concerned citizen, "Inflation" is a valuable addition to your reading list, empowering you to navigate the complex world of economics with greater clarity and informed decision-making.

About the Author

Steve Forbes will be doing a live book signing at FreedomFest 2023

Grab Your Copy Today by Clicking HERE

Steve Forbes is Forbes Media Chairman and CEO, and Editor-in-Chief of Forbes magazine, where his editorials appear as, "Fact and Comment." The company encompasses Forbes, ForbesLife, ForbesWoman and Forbes Asia magazines; the Web sites Forbes.com, Investopedia.com, RealClearPolitics.com, RealClearMarkets.com, RealClearSports.com, and Forbes.com Business & Finance Blog Network; and 10 international licensee editions. Forbes' publications together reach more than five million readers globally, and its Web sites reach nearly 40 million users each month.

A widely respected economic prognosticator, Mr. Forbes is the only writer to have been a four-time winner of the highly prestigious Crystal Owl Award, formerly given by U.S. Steel Corporation to the financial journalist whose economic forecasts for the coming year proved most accurate. In 1996 and 2000 he campaigned vigorously for the Republican nomination for the Presidency. His latest books are: How Capitalism Will Save Us (November 2009); and Power Ambition Glory: The Stunning Parallels between Great Leaders of the Ancient World and Today . . . and the Lessons You Can Learn (June 2009), both by Crown Business. He is also the author of Flat Tax Revolution: Using a Postcard to Abolish the IRS (2005), and A New Birth of Freedom (1999), a book of bold ideas for the new millennium.