Argues that monetary policy should be expanded to consider employment creation along with inflation control in those countries where unemployment and underemployment

The book's title "What You Should Know About Inflation" only hints at the extent of the issues that Hazlitt addresses. He presents the Austrian theory of money in the clearest possible terms,

The Treaty establishing the European Community has given the Eurosystem the mandate to maintain price stability. A 80-page, illustrated book on the importance of price stability, how it can be best achieved and how price stability supports sustainable economic growth and prosperity in the EU.

The current crisis in economics compels certain of its basic assumptions to be reexamined critically. The focus of the book is the central assumption of the orthodox theory that prices and wages are determined in perfectly competitive markets by the impersonal force of the law of demand and supply....

In this book the author attempted to analyze thoroughly and in depth nearly a score of major problems raised by inflation and chronic fallacies that are in large part responsible for its continuance. Henry Hazlitt is the author of numerous books in economics.