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Cycles of Inflation and Deflation

Cycles of Inflation and Deflation


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International Edition


About the Book

This work examines the role money and debt play in our economy. It shows why we went from the gold standard to fiat money, why that led to increasing inflation up to 1980, and why inflation has receded since 1980. In addition, it explains how today's economic problems arose, why governments cannot solve those problems, and where those problems will lead us. Challenging conventional wisdom, the author suggests that high real interest rates in the 1980s reduced business' ability to profit by expanding productive capacity and reduced the attractiveness of borrowing for consumption. The resulting drive to buy assets instead, such as stocks and real estate, caused rapidly rising prices in those areas. The author foresees a depression resulting from these economic forces--one which governments will be unable to prevent.

This work is unique for it neither espouses any theory nor uses inductive or deductive reasoning; rather, it observes. Its observations of how economic sectors, central banks, governments, business, and consumers can and do use money and debt are trenchant and alarming.


About the Author:

G. LEIGH SKENE is an economic consultant specializing in markets, stocks, bonds, real estate, and commodities. For fourteen years, he served as chief economist for Burns, Fry, one of Canada's largest investment dealers.


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Product Details
  • ISBN-13: 9780275944254
  • Publisher: Praeger
  • Publisher Imprint: Praeger
  • Depth: 19
  • Language: English
  • Returnable: Y
  • Spine Width: 20 mm
  • Weight: 430 gr
  • ISBN-10: 0275944255
  • Publisher Date: 17 Sep 1992
  • Binding: Hardback
  • Height: 236 mm
  • No of Pages: 178
  • Series Title: Management; 29
  • Sub Title: Money, Debt, and the 1990s
  • Width: 162 mm


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