What You Should Know About Inflation (1960)

What You Should Know About Inflation is a book written by Henry Hazlitt and originally published in 1960. The book provides a comprehensive overview of inflation, its causes, consequences, and ways to combat it. Hazlitt explains how inflation is a monetary phenomenon that occurs when the supply of money in circulation increases faster than the supply of goods and services. He also discusses the various types of inflation, such as demand-pull inflation, cost-push inflation, and wage-price spiral inflation.The book further delves into the effects of inflation on the economy, including the erosion of purchasing power, the redistribution of income and wealth, and the distortion of economic signals. Hazlitt argues that inflation is a regressive tax that disproportionately affects the poor and the middle class, while benefiting the wealthy and the government. He also warns that inflation can lead to hyperinflation, economic chaos, and political instability.In the final section of the book, Hazlitt proposes several measures to prevent and control inflation, such as a balanced budget, a stable monetary policy, and a free market economy. He emphasizes the importance of sound money, fiscal responsibility, and individual freedom in maintaining a healthy and prosperous economy.Overall, What You Should Know About Inflation is a timeless and insightful book that provides a clear and concise explanation of one of the most pressing economic issues of our time. 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.