PAULAHA

Dennis Paulaha, a Ph.D. economist, says he wrote the first draft of this little book before prices began rising, as an answer to those who kept asking him when all the money the Federal Reserve was printing would lead to an inflation or even a hyperinflation. 

He says it was a fair question, given that virtually everyone, from the most respected business magazines to the most corrupt wheeler dealer gold sellers, was telling inflation stories about how someone in Washington was printing vast sums of paper money, and when people spent it, they would bid up prices.

According to Paulaha, everyone had it wrong. The money they were reading about didn’t matter. And it was not going to lead to a terrible inflation. He told everyone who asked not to worry, there is no inflation in sight. 

Then prices started increasing, and he scrapped the book. 

But he still knew it wasn’t about money. 

So he decided to redo the book and explain what was really behind an inflation that had become a deciding factor in the 2024 elections. 

It wasn’t money. 

But it was explainable. 

And the lessons it offered could help anyone making business, investment, or personal decisions in a world where it is difficult to know who is and who is not telling the truth about the economy, the Federal Reserve, money, interest rates, bonds, and more.

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As a college and university professor, Dennis Paulaha taught macroeconomic and microeconomic theory at the principles, intermediate, advanced, and graduate level, monetary theory and policy, environmental economics, and special issues courses. 

In the real world, he wrote economic/investment newsletters with as many as 70,000 paid subscribers and was vice president of research for a national brokerage company. 

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.