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What Keeps a Bad System in Power?

In: A Guide to Good Money

Author

Listed:
  • Brendan Brown

    (Hudson Institute)

  • Robert Pringle

    (Central Banking Publications)

Abstract

This chapter looks at the forces and actors that keep bad money systems going. Demand for reform should have been raised further by the COVID-19 pandemic, yet its effect was to stifle unrest under a false comfort blanket of money. What is going on? Vested interests, intense lobbying by monopoly capitalists in technology, media and finance, and a captive media have all played parts in the sustaining and extension of bad money regimes. And we should not overlook the fact that even amidst the middle classes there are many people who think they are gaining from asset inflation until it turns to asset deflation.

Suggested Citation

  • Brendan Brown & Robert Pringle, 2022. "What Keeps a Bad System in Power?," Springer Books, in: A Guide to Good Money, chapter 0, pages 159-173, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-06041-0_10
    DOI: 10.1007/978-3-031-06041-0_10
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