An analysis and history of inflation

This book provides a comprehensive history and analysis of inflation by examining fifteen significant inflationary periods, from Ancient Rome to the French Revolution and up to modern-day Brazil.

It presents evidence that moderate inflation is often accompanied by increased economic activity and is sometimes welcomed by the public, as it can help return incumbent political leaders to power.

The author challenges mainstream economic views by arguing that inflation is caused by an excess of money, which is a government monopoly.

The book also critiques various macroeconomic theories for their inability to account for fluctuations in production and prices, advocating instead for institutional economics as a more comprehensive approach.