How Asset Price Inflation Destroys the Wealth of Nations by Brendan Brown

It’s hard to walk away from Brendan Brown’s most recent book without a feeling of deep disappointment in modern day central banks. The 3rd edition of Euro Crash brings up to date the policies of the European Central Bank (ECB) and European Monetary Union (EMU) and further corroborates and extends the many insights and good sense Dr. Brown offered in previous editions. With a clear theoretical framework in hand, the book provides a detailed, sustained and engaging narrative of the consequences of central banking without sound monetary principles. This was compounded by policy mistakes of the ECB, liabilities that made them vulnerable and ultimately incapable of countering or escaping from the “US monetary chaos” (p. 210) created under Greenspan, Bernanke, and now Yellen.

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Un groupe de chercheurs en économie autrichienne
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