THE GLOBAL CURSE OF THE FEDERAL RESERVE by Brendan Brown, Alex Pollock (Foreword) ( 9781137297402 )

Item Details

Title:

THE GLOBAL CURSE OF THE FEDERAL RESERVE
HOW INVESTORS CAN SURVIVE AND PROFIT FROM MONETARY CHAOS

By:

Format:

Electronic book text

List price:	£23.99
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ISBN 10:

1137297409

ISBN 13:

9781137297402

Publisher:

PALGRAVE MACMILLAN

Pub. date:

1 February, 2013

Edition:

2nd Revised edition

Description:

This revised edition offers the most up-to-date advice for investors who wish to defend themselves, or even make a profit from, the blighted policies of the Federal Reserve. Dr. Brown demonstrates how disordered US monetary policy causes waves of economic destruction around the globe.

Synopsis:

Foreword by Alex J. Pollock, resident fellow at the American Enterprise Institute, Washington DC, USA. He was President and CEO of the Federal Home Loan Bank of Chicago from 1991 to 2004 and is the author of Boom and Bust (2011). 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.

Publication:

Imprint:

Palgrave Macmillan

Returns:

Non-returnable

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