Inflation: What It Is, Why It's Bad, and How to Fix It explores the worldwide cost-of-living explosion that is imposing hardships on millions of people and businesses. What is behind this rise in prices? Is it the market disruptions of COVID? Too much "money printing" by governments and central banks? Are other factors at play? Inflation answers these questions in a down-to-earth discussion drawing on the expertise of Steve Forbes, chairman of Forbes Media, acclaimed for his insights on money and the economy; Nathan Lewis, renowned expert on money and taxation; and author and journalist Elizabeth Ames. The authors attribute today's affordability crisis to misguided Washington beliefs that long preceded COVID--such as the idea that prosperity comes from creating money "out of thin air" and that "a little inflation" is good for the economy. A foreword to this new edition assesses administration responses to the pandemic inflation. Are they setting the stage for another disaster? Also included are recommendations for protecting your wealth during inflationary times.