The Inflation Myth and the Wonderful World of Deflation

Written by Mark Mobius

Narrated by Keith Sellon-Wright

What if everything you've learned about inflation is wrong?

The Inflation Myth and the Wonderful World of Deflation illustrates our rapidly changing world where constant technological innovation leads to cheaper and better products. These changes are no longer reflected in the ways we measure inflation. Renowned investor and author Mark Mobius persuasively argues that what we believe to know about inflation today does not reflect the reality any longer. It is a myth, a legend, a fable, and, yes, a falsehood for a number of reasons.

The Inflation Myth and the Wonderful World of Deflation tackles a number of fascinating topics, including:

- The political nature of inflation measurement where governments manipulate and exploit inflation numbers to fit their economic programs

- The extreme difficulty involved in gathering accurate data to measure inflation and the resulting inaccuracy of those measures

- The error of using currencies to measure inflation when those currencies are continually being debased by the governments who issue them

- Finally, and most importantly, the advances in technology and automation which are leading to continuously falling costs for goods and services

• Language: English
• Publisher: Ascent Audio
• Release date: Dec 8, 2020
• ISBN: 9781469082738

Mark Mobius

Mark Mobius is a founding partner of Mobius Capital Partners. Previously he was Executive Chairman of the Templeton Emerging Markets Group and spent over 30 years investing in emerging markets all over the world. Mark served on the World Bank's Global Corporate Governance Forum and as co-chairman of its Investor Responsibility Task Force.

Reviews for The Inflation Myth and the Wonderful World of Deflation

[krishnanfromrgp · Rating: 4 out of 5 stars]

Short account of inflation from the vantage point of hard currency, paper currency over the millennia, the complexities in aspiring to measure it accurately & various efforts by governments in past to combat it.

[Anthony Yap · Rating: 5 out of 5 stars]

This is a very nice book /audiobook. Well written! Again it made me realized how little I know about economics. The author was able to explain what inflation and deflation are and there causes in a manner that can be easily understood, as if the author is telling a story to a five year-old like me! Definitely a must read!