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 leaed 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 govements 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 govements 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 govement 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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