What You Should Know About Inflation (1960)

What You Should Know About Inflation is a book written by Henry Hazlitt in 1960. The book provides a comprehensive overview of inflation, its causes, effects, and how it can be controlled. The author argues that inflation is not a natural phenomenon but rather a result of government policies such as deficit spending, excessive monetary expansion, and price controls. Hazlitt explains how inflation erodes the value of money, reduces purchasing power, and leads to economic instability. The book also explores the relationship between inflation and unemployment, and how inflation can lead to a vicious cycle of rising prices and falling real wages. Hazlitt provides historical examples of inflation and its consequences, including the hyperinflation in Germany after World War I and the inflationary spiral in the United States during the 1970s. In addition, the book offers practical solutions for controlling inflation, such as reducing government spending, limiting the growth of the money supply, and adopting sound monetary policies. Hazlitt emphasizes the importance of educating the public about inflation and its consequences, and the need for policymakers to act responsibly to prevent it. Overall, What You Should Know About Inflation is a timely and informative book that provides a clear understanding of the causes and effects of inflation and offers practical solutions for controlling it. It is a must-read for anyone interested in economics, finance, or public policy.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.