The Quantity Theory of Money (Paperback)
Language: English
Published by Institute of Economic Affairs, London, 2024
- Softcover
- New
Seller: Grand Eagle Retail, Bensenville, IL, U.S.A.Grand Eagle Retail
AbeBooks seller since October 12, 2005
Condition: New
£ 24.23
Quantity: 1 available
Add to basketItem description from seller
Paperback. As Covid-19 hit the worlds leading economies, most economists in central banks and elsewhere expected years of disinflation or even falling prices. To counter the supposed risks, policy-makers embarked on expansionary measures which caused money growth to reach remarkably high rates in spring and summer of 2020. In the event inflation soared in the next few quarters. In 2022 it reached the highest levels for 40 years in the USA, Europe, the UK and elsewhere. In this bold new book Congdon laments the widespread forecasting failure. From the very start in late March 2020 he warned both that rapid money growth was to be expected and that it would lead to a serious inflation flare-up. In rigorous but accessible language, Congdon explains the continuing analytical power of the quantity theory of money. As with other inflation episodes in the past, the inflation of the early 2020s demonstrated the force of Milton Friedmans dictum that inflation is always and everywhere a monetary phenomenon. In this bold new book Congdon laments the widespread inflation forecasting failure. From the very start, he warned both that rapid money growth was to be expected and that it would lead to a serious inflation flare-up. In rigorous but accessible language, Congdon explains the continuing analytical power of the quantity theory of money. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.…
Seller Inventory # 9780255368421
- Title
- The Quantity Theory of Money (Paperback)
- Author
- Tim Congdon
- Publisher
- Institute of Economic Affairs, London
- Publication year
- 2024
- Condition
- new
- Binding
- Paperback
- Language
- English
- ISBN 10
- 0255368429
- ISBN 13
- 9780255368421
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Grand Eagle Retail
Bensenville, IL, U.S.A.
AbeBooks seller since October 12, 2005
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