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The Inflation Myth and the Wonderful World of Deflation
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About The Inflation Myth And The Wonderful World Of
Product Description What if everything you’ve learned 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 governments manipulate and exploit inflation numbers to fit their economic programs The extreme difficulty involved in gathering accurate data to measure inflation and the resulting inaccuracy of those measures The error of using currencies to measure inflation when those currencies are continually being debased by the governments who issue them Finally, and most importantly, the advances in technology and automation which are leading to continuously falling costs for goods and services Perfect for anyone with even a passing interest in macroeconomic phenomena or government 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. From the Inside Flap Praise for the INFLATION MYTH "If there's a timelier look at the farcical place the global economy finds itself in 2020 than Mark Mobius' new book, I'd sure love to find it. It almost reads like a public service as all too many world leaders and investors resurrect the zombie idea that inflation is hiding under every rock. In stark and lively terms, Mobius counters a conventional wisdom that could do more to make lost economic decades great than lead to a productive and vibrant future. The more we engage in paranoia about a phantom inflation crisis, the dimmer our prospects become. As a long-time Japan resident and observer, I can confirm Mobius' take that everything the economists community thinks it knows about deflation needs revision. Kudos to Mobius for penning one." William Pesek, award-winning Tokyo-based journalist; Forbes columnist; author of Japanization: What the World Can Learn from Japan's Lost Decades "Price stability is more than an economic creed for governments around the world. Rulers know that hyperinflation could shake a nation and they might even be expelled from the throne. In another extreme, advanced economies in the modern world are struggling to tame the deflation-liquidity trap. Mark Mobius' The Inflation Myth and the Wonderful World of Deflation is a fascinating book on this critical economic issue. From Wang Mang in ancient China to Jerome Powell of the US Fed, Mr Mobius has reviewed the global experience of (de)inflation comprehensively and concisely and asks the unavoidable question faced by the policymakers: Is inflation still relevant in managing money supply?" Raymond Yeung, Chief Economist Greater China, Australia and New Zealand Banking Group (ANZ) "A very important and interesting book. It focuses on a topic we will be discussing in the next years, with extremely insightful views." Francisco García Paramés, Chairman and CIO, Cobas Asset Management From the Back Cover Praise for the INFLATION MYTH "If there's a timelier look at the farcical place the global economy finds itself in 2020 than Mark Mobius' new book, I'd sure love to find it. It almost reads like a public service – as all too many world leaders and investors resurrect the zombie idea that inflation is hiding under every rock. In stark and lively terms, Mobius counters a conventional wisdom that could do more to make lost economic decades great than lead to a productive and vibrant future.
