{"product_id":"politicians-spend-we-pay-hardcover","title":"Politicians Spend, We Pay - Hardcover","description":"\u003cp\u003eby \u003cb\u003eRoger D. Silk\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\"There is a new 'Silk Road'-this time as a path through the\u003c\/p\u003e\u003cp\u003ecomplex world of inflation. Roger Silk has produced a thinking\u003c\/p\u003e\u003cp\u003eperson's guide to the theory, measurement, and history of\u003c\/p\u003e\u003cp\u003eprice rises. His vignettes of inflation through time, from 600\u003c\/p\u003e\u003cp\u003eBC to the present, are among the most fascinating dimensions\u003c\/p\u003e\u003cp\u003eof this new volume.\"\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e-Wally Falcon, Professor Emeritus, Stanford University\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\"I must tell you he wrote an excellent book... I [found it] accurate, \u003c\/p\u003e\u003cp\u003ewritten in a moderate tone and extremely well explained.\u003c\/p\u003e\u003cp\u003eI dedicated [a recent] communication with unit holders to the\u003c\/p\u003e\u003cp\u003esubject of demand for money\/velocity and its impact on inflation.\u003c\/p\u003e\u003cp\u003eRoger did a superb job in explaining it and in exposing\u003c\/p\u003e\u003cp\u003esome of the measurement problems associated with velocity.\"\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e-Albert Friedberg, CEO Friedberg Mercantile Group\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e\"Milton Friedman told us: You get inflation if and only if the\u003c\/p\u003e\u003cp\u003egovernment increases money supply. A s Silk's excellent and\u003c\/p\u003e\u003cp\u003ehighly readable book explains, that's largely correct, but not\u003c\/p\u003e\u003cp\u003e100%. Moreover, Friedman's explanation is incomplete-it\u003c\/p\u003e\u003cp\u003edoesn't explain why a government increases money supply.\u003c\/p\u003e\u003cp\u003eThe answer, according to Silk, is because politicians and voters\u003c\/p\u003e\u003cp\u003ewant to finance new programs-sometimes wars, but often\u003c\/p\u003e\u003cp\u003efeel-good social programs-and they've already exhausted the\u003c\/p\u003e\u003cp\u003eborrowing and taxing-the-people routes. Silk's analysis is worrisome.\u003c\/p\u003e\u003cp\u003eSignificant inflation might soon be returning to the\u003c\/p\u003e\u003cp\u003eUnited States.\"\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e-Tim Groseclose, Professor of Economics, George Mason\u003c\/p\u003e\u003cp\u003eUniversity\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 262\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.63 x 9 x 6 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e October 21, 2022\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":42732539347007,"sku":"9798986007304","price":123.12,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0105\/8226\/1823\/files\/ce808dc47de974b14996e49b2e28e7dc.webp?v=1765132862","url":"https:\/\/dhlswag.com\/products\/politicians-spend-we-pay-hardcover","provider":"BBB","version":"1.0","type":"link"}