Inflation: Roots of Evil
Lawrance George LuxISBN: 0595204996;
Inflation flows through every modern technological economy. Most accept it complacently; enjoying the increase in personal income, ease of Debt repayment, and the aggregation of Wealth through Property appreciation. None realize Inflation is nothing more than the monetary reflection of economic misallocation. This misallocation, left to itself, always brings Recession when the imbalance reaches the sufficient magnitude. Proper Reallocation comes with layoffs and loss of Personal Income. Correct Economic policy could forestall resource misuse, and eliminate Recessions.
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