Inflation Myth and the Wonderful World of Deflation

Mark Mobius argues that what we believe to know about inflation today is a myth, a legend, a fable, and a falsehood for a number of reasons. He discusses the political nature of inflation measurement, the difficulty in gathering accurate data, the error of using currencies to measure inflation, and the advances in technology and automation that are leading to continuously falling costs for goods and services. This book provides a compelling and provocative view of macroeconomic phenomena and government policies that are significantly impacting people's everyday lives.

Format: Hardback
Length: 256 pages
Publication date: 02 November 2020
Publisher: John Wiley & Sons Inc

The Inflation Myth and the Wonderful World of Deflation delves into a thought-provoking exploration of our rapidly evolving world, where continuous technological advancements drive the production of cheaper and superior products. However, these transformative changes do not align with the traditional methods used to measure inflation. Renowned investor and author Mark Mobius makes a compelling argument that the prevailing understanding of inflation today is no longer reflective of reality. He labels it as a myth, a legend, a fable, and, indeed, a falsehood, citing several compelling reasons.

The book addresses a range of intriguing topics, including:

The political dimension of inflation measurement, where governments manipulate and exploit inflation numbers to suit their economic agendas.

The immense challenges involved in obtaining accurate data for measuring inflation, leading to significant inaccuracies in those measures.

The fallacy of using currencies to measure inflation, as governments continuously debase the currencies they issue.

Most importantly, the profound advancements in technology and automation that are driving continuously declining costs for goods and services.

This book is a must-read for anyone with even a passing interest in macroeconomic phenomena or government policies, as they have a profound impact on the daily lives of individuals across the globe. The Inflation Myth and the Wonderful World of Deflation offers a remarkably original and thought-provoking perspective, challenging our preconceived notions and offering a fresh outlook on the economic landscape.

Weight: 452g
Dimension: 148 x 222 x 23 (mm)
ISBN-13: 9781119741428