Here is the opening paragraph of an article published by Forbes when the inflation numbers were just beginning to rise (May 12, 2021).

“Down in Washington, they’re printing money like ink is going out of style. Possible consequence: People spend the money, bidding up the prices of cars, lumber and semiconductors. We might get high inflation, high being something more than the target rate of 2%.” 

It’s the same story virtually everyone in the mainstream media was telling. Many are still telling it. 

Someone in Washington (or somewhere) is printing massive quantities of money and giving it to people who, when they spend it, bid up prices. 

If you know why none of that is true, you may not need this little book. 

If you know that redefining inflation to be an increase in the money supply, not an increase in prices, is a story made up by gold sellers to scare you into buying gold and other hard assets, you might not need this book. 

You can probably ignore it if you weren’t (and aren’t) scared by all the Chicken Littles yelling that an inflationary collapse was and may still be inevitable. Or that an unavoidable recession is just around the corner. 

You do not need it if you already know why textbook economics should have been replaced by something better years ago, and what that better is. 

Most important, you do not need it if you can trust yourself to know who is and who is not telling the truth about economics and the economy before making investment and business decisions with a little or a lot of money (or your future) on the table. 

If you have any doubts, price could be the most important book you will ever read.