The Inflation Myth and the Wonderful World of Deflation

By: Mark Mobius

Narrated by: Keith Sellon-Wright

Length: 5 hrs and 2 mins

Publisher's summary

What if everything you've learned about inflation is wrong?

The Inflation Myth and the Wonderful World of Deflation illustrates our rapidly changing world where constant technological innovation leads to cheaper and better products. These changes are no longer reflected in the ways we measure inflation. Renowned investor and author Mark Mobius persuasively argues that what we believe to know about inflation today does not reflect the reality any longer. It is a myth, a legend, a fable, and, yes, a falsehood for a number of reasons.

The Inflation Myth and the Wonderful World of Deflation tackles a number of fascinating topics, including:

• The political nature of inflation measurement where governments manipulate and exploit inflation numbers to fit their economic programs
• The extreme difficulty involved in gathering accurate data to measure inflation and the resulting inaccuracy of those measures
• The error of using currencies to measure inflation when those currencies are continually being debased by the governments who issue them
• Finally, and most importantly, the advances in technology and automation which are leading to continuously falling costs for goods and services

©2021 Mark Mobius (P)2020 Gildan Media

At last, inflation and deflation mysteries unlocked

This subject is not a science and Fed's Powell magic potion is just one of hundreds. You can hike rates till the cow's come home but don't expect overnite results. It's is always an experiment. Praying for desired changes may work just as well as jacking up interest rates. But for sure, I have received from the author a wealth of information about the deflation-deflation dilemma and does me more good than what is daily trotted out by Fed's, Wall St and politicians. At least the book teaches readers, there are no quick fixes.

Words from the Wise

Mark Mobius, PhD has been called the Pied Piper of Emerging Markets, and that is a label that truly fits. He has had an unmatched career in investing in Emerging Markets, first rising to Executive Chairman of Templeton Emerging Markets Group, and now as the Founder of Mobius Capital Partners, based in London UK (the top performing emerging markets fund last year in the UK). During his storied career, Dr. Mobius has had a front row seat in the global changes in the economy over the past 50 years. While he has authored many successful books on emerging markets and the basics of investing, this book seeks to describe the impact of inflation, what it really is, and where the business world and society are really going as a result. It is a tall order, but his down-to-earth style, coupled with his vast real-world experience, make his arguments easy to understand, and applicable to our situation both before and after Covid (which seemed to change everything). Dr. Mobius is more concerned with the long term 'secular' trends of inflation and why we will ultimately benefit from deflation (imagine that!). His writing is clear and concise, and has an optimism that springs from his experience as a legendary investor, and someone who has helped make a lot of people wealthy along the way. I highly recommend this book as an antidote to the usual Chicken Little doom and gloom of the financial pages found in most newspapers.

Great book

In depth review in progress. Mobius is a market veteran and a leading thinker. Must read.

Repetitive Bullshit

Listing every country in the IMF, 40 minutes of quotes from supposed inflationary / monetary experts that were wrong over the decades & 100s of examples of how inflation is difficult (read: impossible) to accurately measure TOTAL WASTE OF TIME, COULD ALL BE SUMMARIZED IN A COUPLE PARAGRAPHS

Worst book meets worst audiobook

I attentively listened to this out of genuine interest and actually paid attention. I will save you many hours and tell you what you will learn in this book.

1) technology and manufacturing advances made everything cheaper (as a percentage of wages) and more accessible leading to deflation
2) the governments are constantly debasing their currency leading to perceived rather than true inflation