Masood Rezvi is writing a new book on #Inflation

Masood Rezvi, the Chairman and Managing Trustee, author of "Tightening Noose of Poverty" is writing another book on inflation.

Inflation, as a macroeconomic phenomenon is not only known to all of us but its effects are felt in our day to day  life. Broadly speaking it is a regime of increasing general price levels. It is caused when supply fails to keep pace with speeding demand. You can imagine two cars in a race one is demand and the other is supply. When demand starts speeding up and supply fails to accelerate at a matching pace the distance between the two goes on increasing. This is what economists call inflation.

The great depressions of 1929, it is said, was reigned by following the recipe suggested by John Maynard Keynes. He firmly believed that demand creates its own supply  and to achieve full employment governments must boost demand by encouraging investment and expenditure even through deficit budgeting. True as it might be it has resulted in a never ending inflation. Inflation has at times turned into stagflation but never a full control on it.

Inflation however is a re distributor of wealth. It shifts wealth from fixed income earners to profit earners and from salaried employees to governments. Inflation, it is said, is a sin. All governments denounce it and all governments indulge into it ...

If interested in keeping a regular watch on the progress of reference and related material collection on the subject, you may regularly visit our page Literature Reviewed for Masood Rezvi's Book on Inf...