We’re delighted to announce that Richard Ebeling, professor of economics at Northwood University, and former president of The Foundation for Economic Education (2003–2008), will be joining us at SAES 2014! Last month he authored a very interesting article entitled China’s Great Inflation Helped Bring Communists to Power.
“Inflations have undermined the cultural and economic fabric of society, bringing about social chaos and revolution. Inflation is the enemy of social order and economic stability. Inflation can destroy accumulated wealth, ruin the entire well being of broad sections of a country’s population, and sometimes bring about radical change in a nation’s political system. When combined with war, inflations tear apart the human community.”