Book of the Day: Mis-inflation

 

Book of the Day: Mis-inflation

In this conversational book, Douglas Wilson takes all his burning economic questions and pitches them to David L. Bahnsen. Doug starts their discussion with this one: Politicians have been prophesying hyperinflation for generations now…so where is it?

Readers get to follow along as David’s answer to this question exposes false assumptions on both the right and the left (yes, even some of Doug’s).

More questions follow: The inflation-hawk approach to public policy screams about creating inflation without realizing that that’s what government policies intend to do--they’re just terrible at it, as David shows.

And those on the left continue to suffocate economic growth as they pursue their own counterproductive goals. But what both sides miss is that the best solution against inflation, deflation, and stagnation is found in enterprise.

And it’s in their discussion of wealth creation that Doug and David begin to sketch a vision of how a faithful, successful nation might handle its people and their money.

“Prolonged inflation never 'stimulates' the economy.”