Hardcover: 272 pages
Publisher: Next Paradigm Press, Inc. (October 14, 2010)
Language: English
ISBN-10: 0978875001
ISBN-13: 978-0978875008
Product Dimensions: 6 x 0.8 x 9 inches
Shipping Weight: 1.2 pounds (View shipping rates and policies)
Average Customer Review: 4.7 out of 5 stars See all reviews (13 customer reviews)
Best Sellers Rank: #1,481,024 in Books (See Top 100 in Books) #76 in Books > Business & Money > Economics > Inflation #4342 in Books > Business & Money > Economics > Economic Conditions
Mr. Murphy graduated Harvard cum laude with a degree in economics. He has spent his life making very successful prognostications about this generation's transformative technology: the digital revolution. As such he views our current economic morass from a perspective that qualifies him to opine on what the government should and shouldn't do to deal with our economic situation in the digital age. He presents a very persuasive argument of why we are headed for a great inflationary period (perhaps a dreaded hyperinflation) and what the government should do to avoid it and how you can protect yourself and those you love from the government's failure.In five parts, Murphy discusses: 1) whether we are headed for inflation or (as some maintain) deflation; 2) the 3 deflationary forces which our government cannot fight, indeed may not even recognize; 3) how our government in general (and Ben Bernanke in particular) is attacking these forces with the wrong tools; 4) what the government should do, but won't; and what you should do to survive and perhaps thrive in the great inflation ahead.In the first part, Murphy looks at the reasons why some say we are headed for deflation and explains at every point why they are wrong. Inflation is not just higher prices--it is at its essence decreased purchasing power. Ben Bernanke and our government fear deflation so much that they are doing all they can to create money and to cushion the effects of the housing and credit busts. Rather than riding out the deflation, they are on the road to devaluing the dollar so much that its value as fiat currency is in danger of falling off the razor thin path from a slow loss of value (normal inflation) over the edge into worthless paper.
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