Читать книгу The Inflation Myth and the Wonderful World of Deflation - Mark Mobius - Страница 11

“I do not think it an exaggeration,” the economist Friedrich Hayek once wrote, “to say that history is largely a history of inflation…”² Price rises can be witnessed around the world, as indicated by Germany's Weimar Republic hyperinflation in the early 1920s, the inflation of Eastern Europe following the collapse of the Berlin Wall in 1989, the stagflation of many Western countries in the 1970s, and the inflation that Japan witnessed following the end of the economic miracle in the 1960s.

It's important for us to look at the consequences of such information flows regarding “inflation,” “deflation,” “hyperinflation,” etc. and what are the effects on decision‐making not only in governments but also in business and investment. We want to look at the impact of inflation/deflation statistical information flows and how they can be so misleading.