The Case Against 2 Per Cent Inflation

Analyses 2% inflation targetingPresents new theoretical perspectivesDraws on monetary theory, behavioural finance, and finance theoryTakes a new look at the role of gold
Challenges existing understanding of post-crisis monetary management

Analyses 2% inflation targeting Presents new theoretical perspectives Draws on monetary theory, behavioural finance, and finance theory Takes a new look at the role of gold Challenges existing understanding of post-crisis monetary management

Autorentext

Brendan Brown is a monetary economist and currently Head of Economic Research at Mitsubishi UFJ Financial Group (Europe). Dr. Brown is also a Senior Research Fellow of the Hudson Institute, Washington DC and an Associate Scholar at the Mises Institute (USA). His areas of expertise include monetarism in theory and practice, Austrian School monetary tradition, European monetary integration, Japanese monetary issues, the global flow of capital, and international financial history. Brendan has published many books on contemporary finance and financial historyHe received a PhD from the University of London, a MBA from the University of Chicago, a MSc from the London School of Economics, and an undergraduate degree from Cambridge University.

Zusammenfassung
"Fortunately, Brown isn't content to just outline the problem. He provides a blueprint for a step-by-step return to relative normalcy. For him, the ideal is a gold standard. But failing that, he allows for several other options in which money would be relatively sound and reliable in contrast to today's increasingly outlandish monetary experiments. Brown is nothing if not pragmatic and deeply steeped in the real-world workings of financial markets. His book would be a very useful addition to the reading list of any reader interested into the specific details of monetary policy and the dangerous world the central bank has built." (Ryan McMaken, Mises Institute, mises.org, October 27, 2021)

Inhalt

1. Next: The Fifth Stabilization Experiment under Fiat Money.- 2. Origins of the Global 2% Inflation Standard.- 3. Diagnosis of Monetary Inflation in Asset Markets.- 4. Manipulation of Long-Term Interest Rates.- 5. A Failure of US Checks and Balances.- 6. Digitalization, Camouflage, and Monetary Inflation.- 7. Much Ruin in Japan's Journey to 2%.- 8. Germany Abdicates Hard Money Power.- 9. Unaffordable Housing and Poor-Quality Money.- 10. Negative Interest Rates and the War Against Cash.- 11. Experiments in Crash Postponement: 1927/29 Versus 2016/18.- 12. Wealth Creation and Destruction Under the 2% Regime.- 13. From the Fifth Monetary Chaos to Twenty-First-Century Gold. <p