Nathan Lewis

Steve Forbes, Nathan Lewis, and Elizabeth Ames reveal what is behind the inflationary storm that is wreaking havoc on American pocketbooks.Inflation: What It Is, Why It's Bad, and How to Fix Itexplains what's behind the worst inflationary storm in more than forty years-one that is dominating the headlines and shaking Americans by their pocketbooks. The cost-of-living explosion since the COVID pandemic has raised alarms about a possible return of a 1970's-style "Great Inflation." Some observers even fear a descent into the kind of Weimar-style hyperinflation that has torn apart so many nations. Is this true? If so, what should be done? How should we prepare for the future?Inflationanswers these and other questions in an engaging discussion that draws on the singular expertise of Steve Forbes, chairman of Forbes Media, acclaimed for his insights on money and the economy; Nathan Lewis, internationally renowned expert on money and taxation; and author and journalist Elizabeth Ames.The authors say that today's problems can be solved by discarding longstanding beliefs that helped bring on the current crisis. They include the notion that central banks can create prosperity through artificially creating money "out ofthin air," andalso that economic "stability" requires "a little inflation." Such ideas for decades have been Holy Writ in official Washington.Inflationshows why they are misguided. The book also explains why the current rage for heedless money-printing advocated by left-wing advocates of so-called Modern Monetary Theory is likely to lead the nation-and the world-down the road to disaster.Packed with examples from the headlines and from historyInflationis a unique, real-world exploration of the subject that addresses everyday concerns of Americans under siege by rising prices, including steps you should take to protect your wealth.Inflationis essential reading for everyone seeking to navigate these tumultuous times.

Steve Forbes, Nathan Lewis, and Elizabeth Ames reveal what is behind the inflationary storm that is wreaking havoc on American pocketbooks.Inflation: What It Is, Why It’s Bad, and How to Fix It explains what’s behind the worst inflationary storm in more than forty years—one that is dominating the headlines and shaking Americans by their pocketbooks. The cost-of-living explosion since the COVID pandemic has raised alarms about a possible return of a 1970’s-style “Great Inflation.” Some observers even fear a descent into the kind of Weimar-style hyperinflation that has torn apart so many nations. Is this true? If so, what should be done? How should we prepare for the future?Inflation answers these and other questions in an engaging discussion that draws on the singular expertise of Steve Forbes, chairman of Forbes Media, acclaimed for his insights on money and the economy; Nathan Lewis, internationally renowned expert on money and taxation; and author and journalist Elizabeth Ames.The authors say that today’s problems can be solved by discarding longstanding beliefs that helped bring on the current crisis. They include the notion that central banks can create prosperity through artificially creating money “out of thin air,” and also that economic “stability” requires “a little inflation.” Such ideas for decades have been Holy Writ in official Washington. Inflation shows why they are misguided. The book also explains why the current rage for heedless money-printing advocated by left-wing advocates of so-called Modern Monetary Theory is likely to lead the nation—and the world—down the road to disaster.Packed with examples from the headlines and from history Inflation is a unique, real-world exploration of the subject that addresses everyday concerns of Americans under siege by rising prices, including steps you should take to protect your wealth.Inflation is essential reading for everyone seeking to navigate these tumultuous times.

Gold: the Final Standard (2017) effectively forms a trilogy with Gold: the Once and Future Money (2007) and Gold: the Monetary Polaris(2013), between them describing the tools and concepts to understand money in all its forms. Here, the approach is historical: to document, in clear terms, humans' experience with gold-based money, and various forms of debased, devalued and floating currencies, from prehistory to the present day -- the Ancient World, Medieval Era, Bimetallic Era, Classical Gold Standard Period, Interwar Period, Bretton Woods, and today's Floating Currency Era. Along the way, a great many counterclaims are examined, in a manner that is necessarily brief, but, I hope, adequate to address the issues in an effective way. Contriving hugely complex but still inadequate models and intricate statistical clouds of mythopoeic aggregates--giving each other Nobel prizes and other awards--economists laboriously try to explain what in Lewis' gripping history of the last six thousand years emerges as just another episode of monetary manipulation and debauchery. "The primary innovation of the last century," he observes, "has been to sprinkle spurious math upon these age old claims."from the introduction by George Gilder, author of The Scandal of Money (2016) This profoundly important, impressively researched and fluidly written book explodes numerous myths and misunderstandings of the past and present that have led to so many destructive monetary policies. Modern economics will be forever altered, and we and future generations will be the richer for it. Steve Forbes, author of Money: How the Destruction of the Dollar Threatens the World Economy, and What We Can Do About It (2014) Gold: The Final Standard offers a magisterial overview of the history, and I hope, future of the gold standard. Meticulously researched and beautifully written, it should be mandatory reading for all students of the gold standard and especially its critics. Kevin Dowd, Durham University, author of Alchemists of Loss: How Modern Finance and Government Intervention Crashed the Financial System (2010) Nathan Lewis has a gift for distilling historical research and cogent analysis into pure monetary wisdom. In Gold: The Final Standard, he once again challenges the status quo by questioning the omniscience of central bankers and sustainability of fiat money. No one does a better job of explaining both the theory and reality of monetary arrangements, both domestically and internationally; no one else lays out so clearly the practical choices between automatic versus discretionary systems, or fixed versus floating exchange rates. Scholars will find much to relish in this fact-laden chronicle, the third in a trilogy. So, too, will those who appreciate delving deeply into the fundamental issues that determine monetary integrity and viability - all presented in the form of a compelling narrative. Lewis has done a great service in producing a book that effectively makes the case for adopting a gold-anchored international monetary system to serve as the foundation for a pro-growth economic agenda. Judy Shelton, author of Fixing the Dollar Now: Why U.S. Money Lost Its Integrity and How We Can Restore It (2011)

An eBook in .pdf format is available at: newworldeconomics.com. In this sequel to Gold: the Once and Future Money, Lewis describes in greater depth how actual gold standard systems are created, and how they have been used through history. The pre-1914 world gold standard system was perhaps the greatest monetary system the world has ever seen. The greatest champion of the gold standard system of the 19th century, Britain, was the birthplace of the Industrial Revolution and eventually presided over the largest empire the world had ever seen. The United States, before 1971, was the leader of the Bretton Woods gold standard system, and was the most successful country of the 20th century. The technical understanding to create, implement and maintain gold standard systems is explored in full detail.

This will be my final work and, I hope, my greatest. Many will regard this as the ravings of a mad man ... let them. As long as a few realise the true value of this collection then perhaps once again hope can be sparked in these three kingdoms. Goodness knows I have caused enough desolation. Maybe, at last, I can do some good. Rhoek. --- The first novella by the writing group known as "The Final Archive."