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"There is a new 'Silk Road'-this time as a path through thecomplex world of inflation. Roger Silk has produced a thinkingperson's guide to the theory, measurement, and history ofprice rises. His vignettes of inflation through time, from 600BC to the present, are among the most fascinating dimensionsof this new volume."-Wally Falcon, Professor Emeritus, Stanford University"I must tell you he wrote an excellent book... I [found it] accurate,written in a moderate tone and extremely well explained.I dedicated [a recent] communication with unit holders to thesubject of demand for money/velocity and its impact on inflation.Roger did a superb job in explaining it and in exposingsome of the measurement problems associated with velocity."-Albert Friedberg, CEO Friedberg Mercantile Group"Milton Friedman told us: You get inflation if and only if thegovernment increases money supply. A s Silk's excellent andhighly readable book explains, that's largely correct, but not100%. Moreover, Friedman's explanation is incomplete-itdoesn't explain why a government increases money supply.The answer, according to Silk, is because politicians and voterswant to finance new programs-sometimes wars, but oftenfeel-good social programs-and they've already exhausted theborrowing and taxing-the-people routes. Silk's analysis is worrisome.Significant inflation might soon be returning to theUnited States."-Tim Groseclose, Professor of Economics, George MasonUniversity
Abonner på vårt nyhetsbrev og få rabatter og inspirasjon til din neste leseopplevelse.
Ved å abonnere godtar du vår personvernerklæring.