THE BOOK
One of the most important lessons we learned from the inflation the Federal Reserve had under control by September 2024 is, it wasn't caused by money, it was caused by stupidity.
Another thing we learned is, the ideas and policies that caused it are still at the center of American politics and economics.
Which means we have to expect more of the same in the future.
And when that happens, we should also expect those who are responsible to, as they did this time, point their fingers at others and say, "They did it. It wasn't me. It was the inflation gremlin. It was the money printers."
But there is no inflation gremlin.
There are only facts.
And one fact that matters is, if inflations are no longer about someone printing huge quantities of money, it is easy to see who did what to prices, and why.
The Price of Cheese: How Too Much Stupidity, Not Too Much Money, Caused An Inflation explains it all.
The author, Dr. Dennis Paulaha, is a Ph.D. economist.
It is currently available as a $3.99 eBook.
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Contents
In the real world, Dr. Paulaha wrote economic-investment newsletters with as many as 70,000 paid subscribers and was vice president of research for a national brokerage company.
Prior to that, as a college and university professor, he taught macroeconomic and microeconomic theory at the principles, intermediate, advanced, and graduate level, monetary theory and policy, environmental economics, and special issues courses.
He has B.S. and M.A. degrees in economics from the University of Minnesota and a Ph.D. in economics from the University of Washington.
