Summary of Steve Forbes's Inflation

Please note: This is a companion version & not the original book. Book Preview:

#1 Inflation is the result of too much money chasing too few goods, but this is an oversimplification. Inflation can also occur quietly without dramatic increases in consumer prices.

#2 The dollar’s purchasing power has been reduced by 86 percent since 1970, according to a calculator from the Bureau of Labor Statistics.

#3 Inflation is when the price of goods and services increases over time. It can occur when demand exceeds supply, or when the cost of supplies increases. Defining an inflationary malaise simply as rising prices does not really describe what is taking place.

#4 Prices tend to rise in an economic expansion when there is increased demand, and decline in a recession when people are tightening their belts and budgets. This is true even when a currency is reliably stable in value.

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