Description |
1 online resource |
Contents |
Foreword by Alex Pollock -- How Monetary Chaos Powers Irrational Exuberance -- A 100-Year Monetary Disorder -- Phobia of Deflation -- Manifesto for a Second Monetarist Revolution -- US Currency War Machine -- Bernanke-ism equals Monetary Lawlessness -- The Fed believes in Japan's Great Deflation Myth -- How to Survive and Profit from the Fed's Curse |
Summary |
A must read for anyone seeking protection against the forces of economic destruction unleashed by the Federal Reserve. "The Global Curse of the Federal Reserve is a detailed and highly informative history of US monetary policy. It spares few reputations but not in the name of sensationalism - Mr. Brown simply is repeating the warnings of Austrian-school titans such as Friedrich Hayek against putting too much discretionary power over highly complex economic processes into the hands of fallible humans. Fed chairman Paul Volcker in the 1980s confessed that he couldn't outsmart the markets. But Fed chairmen over the years nonetheless have tried repeatedly to do that, usually at the behest of politicians who are, contrary to the myth of Fed 'independence', their political masters. No one has tried more dangerously to be a mastermind of this than Ben Bernanke. Mr. Brown proposes as a remedy a rule-based system for controlling the monetary base, a replication of how the gold standard once worked so successfully, but without the gold. In this era of deep and legitimate doubts about the conduct of monetary policy, his book is an important and highly readable contribution to the discussion."--George Melloan, former editorial page deputy editor and columnist at The Wall Street Journal and author of The Great Money Binge, Spending Our Way to Socialism |
Bibliography |
Includes bibliographical references and index |
Notes |
English |
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Publisher supplied information; title not viewed |
Subject |
Banks and banking -- United States -- History -- 20th century
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Banks and banking -- United States -- History -- 21st century
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Monetary policy -- United States -- History -- 20th century
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Monetary policy -- United States -- 21st century
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Federal Reserve banks.
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Federal Reserve banks.
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BUSINESS & ECONOMICS -- Banks & Banking.
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Banks and banking
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Federal Reserve banks
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Monetary policy
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United States
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Genre/Form |
History
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Form |
Electronic book
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ISBN |
9781137297402 |
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1137297409 |
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