A Global Monetary Plague (PDF)
administered by the Federal Reserve under the Obama Administration unleashed
strong irrational forces in global asset markets. The result was a "monetary plague" which has attacked and corrupted the...
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The Great Monetary Experiment designed and
administered by the Federal Reserve under the Obama Administration unleashed
strong irrational forces in global asset markets. The result was a "monetary plague" which has attacked and corrupted the vital
signalling function of financial market prices.
This book analyses how quantitative easing caused
a sequence of markets to become infected by asset price inflation. It explains
how instead of bringing about a quick return to prosperity from the Great
Recession, the monetary experiment failed in its basic purpose. Bringing about
economic debilitation, major financial speculation, waves of mal-investment in
particular areas, and a colossal boom in the private equity industry, the
experiment instead produced monetary disorder.
Brendan Brown puts the monetary experiment into a
global and historical context, examining in particular Japanese "folklore of
deflation" and the Federal Reserve's first experiment of quantitative easing in
the mid-1930s. The author couples
analysis from the Austrian school of monetary economics and Chicago monetarism
with insights from behavioral finance, and concludes with major proposals for
the present and the future, including ideas for monetary reform in the United
States, and suggestions for how investors can survive the current market
"plague".
areas of expertise include monetarism in theory and practice, Austrian School
monetary tradition, European monetary union, Japanese monetary issues and
international financial history. He
obtained a PhD at the University of London, an MBA at the University of Chicago
and a MSc at London School of Economics.
Dr. Brown is Head of Economic Research at a leading Japanese financial
institution. He is an Adjunct Fellow at
the Hudson Institute in Washington DC, and an Associate Scholar of the Mises
Institute, US.
- Autor: Brendan Brown
- 2015, 1st ed. 2015, 239 Seiten, Englisch
- Verlag: Palgrave Macmillan
- ISBN-10: 1137478853
- ISBN-13: 9781137478856
- Erscheinungsdatum: 31.08.2015
Abhängig von Bildschirmgröße und eingestellter Schriftgröße kann die Seitenzahl auf Ihrem Lesegerät variieren.
- Dateiformat: PDF
- Größe: 2.38 MB
- Ohne Kopierschutz
- Vorlesefunktion
(Joseph T. Salerno, Professor of Economics, Pace University, New York, NY, and, Academic Vice President, Mises Institute, Auburn, AL)
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