Inflation - of course, everyone has heard of it at some point. But what it really means for individuals or an entire economy, and how one can ultimately protect themselves from it and its consequences, is often not well understood. Henry Hazlitt finally explains the significance of inflation in a way that is accessible and illustrative for everyone, as well as the possibility of deriving benefits from it. Above all, Hazlitt addresses the role of the state in currency devaluation. To what extent is it responsible for the causes, how effective are its counter-strategies, and does it even benefit from inflation? The long-out-of-print classic from 1960 is finally available again.