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The Truth About Inflation
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Table of Contents

1. What is inflation? 2. A brief history of inflation 3. All that is gold does not glitter 4. What makes up inflation? 5. Printing money never, ever, ever creates inflation 6. Inflation numbers "aren't true" 7. Inflation numbers really aren't true 8. It is all the fault of the foreigner 9. The debt-inflation Myth 10. Inflation and the modern investor

About the Author

Paul Donovan joined UBS in 1992 and is a managing director and global economist. Paul is responsible for formulating and presenting the UBS Investment Research global economic view.

Reviews

'Paul Donovan clearly demonstrates a critical issue for economic policy makers and investors. Even if inflation remains contained, specific groups in society will have a very different inflation experience from that portrayed by aggregate consumer price data. Understanding why and how inflation experiences differ from group to group will be increasingly important in creating a fairer society.' - Right Honourable Danny Alexander MP, Chief Secretary to the United Kingdom Treasury 'Inflation is a topic that can become deeply embedded in a political culture, as Paul Donovan makes clear. Properly understanding the politics as well as the economics of inflation is critical to investment success.' - Gerd W. Hintz, CIO Aequitas - Allianz Equity Advisors (Allianz Global Investors) 'Unveils the ins and outs of inflation - always with the investor & practitioner in mind. The author's sense of humor makes reading the book a real pleasure.' - Bo Bejstrup Christensen, Head of Asset Allocation, Danske Capital

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