Inflation is back, and its profound impact is being felt everywhere—from the supermarket to the housing market and the results of elections worldwide. Yet, the conventional wisdom about inflation is stuck in the past, relying on a single, outdated playbook: raise interest rates to trigger a recession, thereby lowering prices. But as leading political economists Mark Blyth and Nicolò Fraccaroli argue, this simplistic approach hides a multitude of flawed beliefs about why prices rise and how to control them.
In Inflation: A Guide for Users and Losers, Blyth and Fraccaroli challenge these old paradigms and reveal why inflation really happens. With their accessible and engaging commentary, combined with a healthy dose of humor, they demystify the complexities of economic policy and bring the inner workings of inflation down to earth. This book is a must-read for anyone who wants to move beyond the headlines and understand the forces shaping our economy and politics today.
This timely book reveals:
- Why traditional methods for fighting inflation are often wrong and damaging.
- The true causes of modern inflation, from geopolitical tensions and climate shocks to demographic shifts.
- Why a new paradigm for understanding and combating inflation is urgently necessary.
While policymakers may have achieved a so-called "soft landing," the authors warn that a more inflationary future looms. This book offers a fresh, astute, and timely perspective on a critical economic issue, providing the reader with the tools to understand the forces that will shape our world for years to come.
