Cycles of Inflation and Deflation
Skene, G. Leigh
This work examines the role money and debt play in our economy. It shows why we went from the gold standard to fiat money, why that led to increasing inflation up to 1980, and why inflation has receded since 1980. In addition, it explains how today's economic problems arose, why governments cannot solve those problems, and where those problems will lead us. Challenging conventional wisdom, the author suggests that high real interest rates in t...