Inflation is already well on its way in the United
States. If it is to be controlled it must be curbed
promptly. This demands vigorous action by the
government--much more vigorous than that we have
had in this matter up to the present time. To this end
the public must be made aware of the simple facts
of the situation and of the elementary economic prin-
ciples involved, and must be aroused to demand of its
political representatives prompt and vigorous action.
The A B C of Inflation is written in the hope that it
will contribute to this end.

In the preparation of the book I am indebted for
valuable aid to many friends--too many to mention
by name in a brief prefatory note. I must, however,
make exception by expressing my particular grati-
tude to a few of them. Dr. William W. Cumberland
of Wellington and Company, New York City, and
my son, Dr. Donald L. Kemmerer of the University
of Illinois, both read the entire manuscript and made
numerous valuable suggestions, most of which I have
adopted. My secretary, Miss Emily Wilson, has
rendered throughout the preparation of the book
most willing and efficient assistance.

EDWIN WALTER KEMMERER.

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