The Inflation Myth and the Wonderful World of Deflation

The Inflation Myth and the Wonderful World of Deflation
by: Mark Mobius (Author)
Publisher:Wiley
Publication Date: 2 Nov. 2020
Language:English
Print Length:256 pages
ISBN-10:1119741424
ISBN-13:9781119741428
Book Description
What if everything you’ve learned about inflation is wrong?The Inflation Myth and the Wonderful World of Deflation illustrates our rapidly changing world where constant technological innovation leads to cheaper and better products. These changes are no longer reflected in the ways we measure inflation. Renowned investor and author Mark Mobius persuasively argues that what we believe to know about inflation today does not reflect the reality any longer. It is a myth, a legend, a fable, and, yes, a falsehood for a number of reasons.The Inflation Myth and the Wonderful World of Deflation tackles a number of fascinating topics, including:The political nature of inflation measurement where governments manipulate and exploit inflation numbers to fit their economic programsThe extreme difficulty involved in gathering accurate data to measure inflation and the resulting inaccuracy of those measuresThe error of using currencies to measure inflation when those currencies are continually being debased by the governments who issue themFinally, and most importantly, the advances in technology and automation which are leading to continuously falling costs for goods and servicesPerfect for anyone with even a passing interest in macroeconomic phenomena or government policies, which are significantly impacting people’s everyday lives around the world, The Inflation Myth and the Wonderful World of Deflation provides a remarkably compelling and provocative view of stunning originality.
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