Our regular readers are by now familiar with the work of economist Brendan Brown who offers some of the most detailed analysis of investment and monetary trends at mises.org.
Now, Dr. Brown has finished a new book, The Case Against 2 Per Cent Inflation: From Negative Interest Rates to a 21st Century Gold Standard published by Palgrave Macmillan. and available at Amazon.
Joseph Salerno writes: “With this book, Brendan Brown joins the ranks of our leading monetary policy experts. His acute and learned analysis and critique of the failed fiat-money regimes since 1914 and the fatal flaws in the current 2-percent inflation standard constitute the definitive treatment of an approach to monetary policy that is rapidly approaching its end.”
The Case Against 2 Per Cent Inflation analyses the controversial and critical issue of 2% inflation targeting, currently practiced by central banks in the US, Japan, and Europe. Where did the 2% target inflation originate, and why?
Brown’s book presents a novel theoretical perspectives, intertwined with historical and market understanding, and features analysis that draws on monetary theory (including Austrian school), behavioral finance, and finance theory.
And finally, the book explores how the 2% global inflation standard could collapse and what would ideally follow its demise, including a new look at the role of gold.
