The Inflation Myth and the Wonderful World of Deflation
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
