Originally published in 1978, this volume is a revision and major extension of Hazlitt’s What You Should Know about Inflation from 1960. The first part is the revision and the remaining three-fourths is new material reflecting the serious inflation problems of the mid-1970s. Hazlitt present not only an Austrian perspective on inflation, he offers critiques of other schools of thought as well as debunking numerous fallacies about inflation that are still around today. He also has a very useful discussion of the relationship between inflation and deficit spending that is more timely than ever.