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Even When There Is Inflation, the Fed STILL Fights Falling Prices

Audio Mises Wire

Tags Big GovernmentCentral BanksThe FedPovertyU.S. Economy

06/17/2022Brendan Brown
Narrator: 
Michael Stack

Forget the notion that the Fed "fights inflation." In fact, the Fed exists to promote inflation.

Original Article: "Even When There Is Inflation, the Fed STILL Fights Falling Prices"

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Author:

Brendan Brown

Brendan Brown is a founding partner of Macro Hedge Advisors (www.macrohedgeadvisors.com) and senior fellow at Hudson Institute. As an international monetary and financial economist, consultant, and author, his roles have included Head of Economic Research at Mitsubishi UFJ Financial Group. He is also a Senior Fellow of the Mises Institute. He is the author of Europe’s Century of Crises under Dollar Hegemony: A Dialogue on the Global Tyranny of Unsound Money with Philippe Simonnot. His other books include The Case Against 2 Per Cent Inflation (Palgrave, 2018) and he is publisher of “Monetary Scenarios,” Euro Crash: How Asset Price Inflation Destroys the Wealth of Nations and The Global Curse of the Federal Reserve: Manifesto for a Second Monetarist Revolution.

Original Article: 
Even When There Is Inflation, the Fed STILL Fights Falling Prices