Inflation and deflation

Author: R. Butto
Publisher:
Publish Date: 2004-01-01
Features: This is an interesting and timely book that uses clear and accessible language to provide a concise analysis of the inflation trajectory over the past few years. The author explains the significance and benefits of zero inflation. Although the transition to zero inflation may generate many adjustment issues, the ultimate result is positive. He reminds people that zero inflation will directly impact financial assets. If inflation truly ceases to exist while the market remains unaware of this fact, the Western world will be plagued by real interest rates high enough to trigger an economic crisis.