A 100-year monetary disorder -- Phobia of deflation menaces prosperity -- Manifesto for a second monetarist revolution -- Currency war machine -- The revolt against Bernanke-ism
Summary
The Global Curse of the Federal Reserve demonstrates how severe monetary instability created by the Federal Reserve through the last 100 years has been the source of global economic crisis and geo-political breakdown. Flawed monetary practice and principles have been responsible for the Fed-made havoc. And these flaws mutated into a new menace during the past decade in the form of Bernanke-ism. Only political forces in the US could gain sufficient strength to repeal Bernanke-ism and usher in a golden era of monetary stability. But the new revolutionaries must learn from the mistakes of the first monetarist revolution pioneered by the Chicago School. A manifesto for a second monetarist revolution drawing on a monetary tradition embracing J.S. Mill and the Austrian School, forms the core of this book. Brown argues for the end of the Fed as a policy-making institution. The litany of monetary disasters ₆ the World Depression of the 30s, the Great Inflation of the 1970s, and then the sequence of bubbles-and-busts including Latin America, Japan, South East Asia, and finally the entire world - proves that this particular institution is deeply rotten
Bibliography
Includes bibliographical references (pages 178-181) and index
