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1、WhatYouShouldKnowAboutInflationbyHENRYHAZLITTSECONDEDITIOND.VANNOSTRANDCOMPANY,INC.PRINCETON,NEWJERSEYTORONTOLONDONNEWYORKD.VANNOSTRANDCOMPANY,INC.120AlexanderSt.,Princeton,NewJersey(Principaloffice)24West40Street,NewYork18,NewYorkD.VANNOSTRANDCOMPANY,LTD.358,KensingtonHighStreet,Lon
2、don,W.14,EnglandD.VANNOSTRANDCOMPANY(Canada),LTD.25HollingerRoad,Toronto16,CanadaCOPYRIGHT?i960,1965BYD.VANNOSTRANDCOMPANY,INC.PublishedsimultaneouslyinCanadabyD.VANNOSTRANDCOMPANY(Canada),LTD.Noreproductioninanyformofthisboo,inwholeorinpart(exceptforbriefquotationincriticalarticles
3、orreviews),maybemadewithoutwrittenauthorizationfromthepublishers.PRINTEDINTHEUNITEDSTATESOFAMERICAPrefacetotheSecondEditionThisbookwasfirstpublishedini960.Forthepresentedition,themainstatisticalcomparisonsandtableshavebeenbroughtuptodate.Whereolderfiguresandcomparisons,illustratethep
4、articularprincipleorcontentioninvolvedfullyaswellasmorerecentfigureswould,however,theyhavebeenallowedtostand.HENRYHAZLITTJuly,1964.PrefaceOvertheyearsinwhichIhavebeenwritingtheweekly"BusinessTides"columnforNewswee,Ihavereceivedfrequentinquiriesfromreadersaskingwheretheycouldobtainab
5、riefandsimpleexpositionofthecausesandcureofinflation.Othershaveaskedforadviceconcerningwhatcoursetheycouldfollowpersonallytopreventfurtherero-sioninthepurchasingpoweroftheirsavings.Thisbookisdesignedtoanswertheseneeds.iiiPREFACEMostofthematerialinithasappearedinmy~Newsweearticlesdur
6、ingrecentyears;butallofthestatisticsandref-erenceshavebeenbroughtuptodate,andnewmaterialhasbeenaddedtocompleteandroundouttheexposition.Thebookhasbeendeliberatelykeptshort.Butreaderswhoarenotinterestedinsomeofthecollateralproblems,butwishonlyabriefover-allview,mayfindwhattheyarelookin
7、gforeitherinthefirstsixchaptersorinthefinalchapter,"TheABCofInflation,"whichattemptstosum-marizewhatismostimportantintheprecedingdiscussion.Therearesomerepetitionsinthebook,butIoffernoapologyforthem.When,asinthissubject,basiccausesarepersistentlyignoredandbasicprinciplespersistentlyf
8、orgot-ten,it
