Read Online Inflation Matters: Inflationary Wave Theory, its impact on inflation past and present ... and the deflation yet to come RTF
Inflation Matters is the first truly comprehensive book about inflation written in a simple and easy-to-read style. The book covers everything from the basics of how inflation is defined and measured through to the impact of inflation and its winners and losers. It highlights the difficulty in calculating inflation and that conventional measures (such as CPI in the UK) often underestimate it for a number of reasons. It also examines deflation and why it is regarded as a problem by economists. The book examines the history of world inflation. It looks at the causes of inflation and shows that they are many and complex. The book reveals a new model of inflation – Inflationary Wave Theory. It proposes that long-term inflation is created by population growth and competition for resources. Price increases depict a wave-like pattern over the centuries due to effects of man exploiting the inflation trend to such a point that prices eventually consolidate over a long period. The world is about to enter this stage of near-zero inflation. The book examines how this transition might take place and the conditions that need to be fulfilled. It is likely to be accompanied by some form of deflationary shock. Investing over the coming decades will therefore be difficult and the book discusses the implications of it for future wealth management.Reviews:“This well written, thoroughly researched and interesting book provides a comprehensive and well balanced account of what causes inflation and what we can do about it.” John Mills (economist, political commentator, and founder and chairman of JML, the consumer goods company.)"This easily readable book (it is mercifully free from equations, jargon and excessive references) serves two purposes. The first is to describe and explain the concepts involved and the implications of inflation at various levels. It answers the textbook need for a clear and straightforward grasp of the subject. The second purpose is to derive a very long term pattern of cycles which, being likely to continue into the future, may assist in prediction and thus in making investment decisions. If a book is to enable one to assemble a body of knowledge constructively and systematically and if one hopes in the process to be stimulated into new thoughts, then Inflation Matters is not only well worth reading but a book that amply justifies its title." (Book review - Economics Research Council - May 2015)Book contents:PART I: INFLATION FACT AND FICTION1 What is inflation?2 Inflation and the money supply theory3 Other theories about inflation4 Deflation and why it is regarded as a problem5 UK inflation measures6 Inflation measurement issuesPART II: INFLATION PAST7 Inflationary Wave Theory8 World War I and learning about hyperinflation9 The 1930s depression and the deflation bogeyman10 World War II, debts and the low inflation world11 The 1970s inflation crisis and fiat currenciesPART III: INFLATION PRESENT12 The Great Moderation and the Great Recession 13 Japan and deflation14 Governments and inflation15 The era of inflation targeting16 The impact of current inflationPART IV: DEFLATION YET TO COME17 The big picture: a century of more stable prices18 The transition period and near-term inflation19 Price stability and the consolidation period20 Managing wealth as we head towards near-zero inflationMore information can be found at: inflationmatters.com.
