Librería Samer Atenea
Librería Aciertas (Toledo)
Kálamo Books
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Librería Kolima (Madrid)
Librería Proteo (Málaga)
The Global Curse of the Federal Reserve reveals and explores the missing link between the Austrian School of Economics and behavioral finance theory. Monetary instability is the source of the waves of irrational exuberance (sometimes described as 'asset price inflation'), which spread so much economic destruction and geopolitical turmoil when they break. The largest and most destructive waves in the past 100 years have all been powered by monetary turmoil created by the Federal Reserve. Dr. Brown argues that flawed monetary practice and principles-most recently in the form of Bernankeism-have been responsible for the Fedmade havoc. The author comes to two optimistic conclusions. First, political forces in the US will one day gain sufficient strength to repeal Bernankeism. But the new revolutionaries must learn from the mistakes of the first monetarist revolution. Brown argues for the end of the Fed as a policymaking institution. Second, it is possible for investors to build substantial protection for their wealth and even profit from monetary chaos unleashed by the Federal Reserve-but this depends on throwing overboard much of the established wisdom about optimal portfolio management.
