Cycles of Inflation and Deflation: Money, Debt, and the 1990s [Hardcover]

G. Leigh Skene (Author)

Book Description

ISBN-10: 0275944255 | ISBN-13: 978-0275944254 | Publication Date: September 30, 1992

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 the 1980s reduced business' ability to profit by expanding productive capacity and reduced the attractiveness of borrowing for consumption. The resulting drive to buy assets instead, such as stocks and real estate, caused rapidly rising prices in those areas. The author foresees a depression resulting from these economic forces--one which governments will be unable to prevent. This work is unique for it neither espouses any theory nor uses inductive or deductive reasoning; rather, it observes. Its observations of how economic sectors, central banks, governments, business, and consumers can and do use money and debt are trenchant and alarming.

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About the Author

G. LEIGH SKENE is an economic consultant specializing in markets, stocks, bonds, real estate, and commodities.

Product Details

• Hardcover: 178 pages
• Publisher: Praeger Publishers (September 30, 1992)
• Language: English
• ISBN-10: 0275944255
• ISBN-13: 978-0275944254
• Product Dimensions: 9.3 x 6.2 x 0.8 inches
• Shipping Weight: 1 pounds (View shipping rates and policies)
• Amazon Best Sellers Rank: #3,547,460 in Books (See Top 100 in Books)

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