Публицистика. Художествена литература

The Inflation Crisis and How to Resolve It


Автор(и) : Henry Hazlitt

Издател : Ludwig von Mises Institute

Място на издаване : Auburn, Alabama, USA

Година на издаване : 2009

ISBN : 978-1-933550-56-5

Брой страници : 196

Език : английски

 

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Henry Hazlitt was not mainly a theoretician. He was a financial journalist, commentator, and interpreter of current events. In this sense, he was one of a kind: a learned economist with both feet in the real world of politics, financial markets, and the economics of everyday life.
The Inflation Crisis and How to Resolve It , newly in print in hardcover at a low price, is his masterpiece on money. The book reappears just in time: we are in the midst of an inflation crisis even if the effects are not yet fully felt.
By inflation, he didn’t mean rising prices. He meant the tendency of government and the central bank to print money in pursuit of prosperity. In this sense, no book could be more directly related to our own times, as Bernanke and Company use and abuse the power of the Fed as never before.
He begins with an overview of what inflation is and covers the abysmal record of government money management. He clearly explains the cause and effect: first comes the printing and then come the business cycles and price increases. He explains that the only real cure for all of the effects is to treat the cause: end the government’s power to print. For this reason, Hazlitt favors a gold standard.

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