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Cents And Non-Cents The Nemesis of Inflation
"What is the root cause of inflation?{ } Too much money in circulation.{ } Demand for goods exceeds supply.{ } Increase in the cost of production.{ } All of the above.{ } None of the above.For millennia, the waywardness of inflation has vexed economists and financial experts alike yet neither individuals nor nations have succeeded in coming to grips with it. Across the world, it is the common man, bewildered and exasperated by this baffling phenomenon called ‘inflation’, who has always been left holding the short end of the stick. No matter what the remedial measures adopted by experts, INFLATION will just not be TAMED.This book, written by a non-economist, in a style readily comprehensive by lay persons (who are not adverse to a modicum of basic maths), delves into the arcane world of money, commerce, banking and finance to wring out the shocking truth about inflation from the shadowy depths. These pages will indelibly alter the reader’s perception of money and leave the worlds of banking and economics both shaken and stirred."
264 pages, Paperback
Published September 28, 2015
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Displaying 1 of 1 review
June 8, 2016
My rating is 3.5
Money value falls, inflation affects Nation's economic security, foreign investment required, RBI changes interest rates etc are bits of news we come across. Very few have taken the pain to know what is happening and why in detail. Even fewer understand it. We always blame the government for commodity price hike or any price hike for that matter.
Mohammed Saif, in his book Cents and non-cents addresses the nemesis of inflation in a simpler language enabling the laymen comprehend the issue.
The initial part of the book is about Mirth a mythical land. Authors shows how inhabitants of myth evolved economically from barter system to the present scenario. While the story is interesting as an introduction, towards the second half of the book when the discussion becomes serious, mirth becomes a distraction forcing the reader skip a few pages.
The book is a mix of text book material and a fictional account. Author introduces the terms Break Even Domino Effect, Interest Multiplier Effect, Reverse Robinhood effect etc with the readers. The methodology of narrationis such that any person without any knowledge of accounting and finance can understand the point. Author tries to put forth the fact that interest is an evil and the problems related to inflation can be nullified by an interest free society. While he convincingly put forth his argument, the feasibility of the same is doubtful.
Instead of writing a book which looks like a journal, author has presented an easily comprehensive yet informative book.
Reviewed for the publisher
Disclosure of Material Connection: I received this book as a complimentary copy in exchange for a honest review. I was not required to write a positive review. The opinions I have expressed are my own.
Money value falls, inflation affects Nation's economic security, foreign investment required, RBI changes interest rates etc are bits of news we come across. Very few have taken the pain to know what is happening and why in detail. Even fewer understand it. We always blame the government for commodity price hike or any price hike for that matter.
Mohammed Saif, in his book Cents and non-cents addresses the nemesis of inflation in a simpler language enabling the laymen comprehend the issue.
The initial part of the book is about Mirth a mythical land. Authors shows how inhabitants of myth evolved economically from barter system to the present scenario. While the story is interesting as an introduction, towards the second half of the book when the discussion becomes serious, mirth becomes a distraction forcing the reader skip a few pages.
The book is a mix of text book material and a fictional account. Author introduces the terms Break Even Domino Effect, Interest Multiplier Effect, Reverse Robinhood effect etc with the readers. The methodology of narrationis such that any person without any knowledge of accounting and finance can understand the point. Author tries to put forth the fact that interest is an evil and the problems related to inflation can be nullified by an interest free society. While he convincingly put forth his argument, the feasibility of the same is doubtful.
Instead of writing a book which looks like a journal, author has presented an easily comprehensive yet informative book.
Reviewed for the publisher
Disclosure of Material Connection: I received this book as a complimentary copy in exchange for a honest review. I was not required to write a positive review. The opinions I have expressed are my own.
Displaying 1 of 1 review