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Criticism, Realism, Idealism and Reform

In: A Guide to Good Money

Author

Listed:
  • Brendan Brown

    (Hudson Institute)

  • Robert Pringle

    (Central Banking Publications)

Abstract

The deterioration in the capacity of money to fulfil its basic functions has gone so far that only radical reform will save us. In an ideal world, experiment would help societies in choosing the good money regime of the future. Getting to grips with the destructive power of money when misused, especially in fomenting asset inflation during the past half century and more, increases our appreciation and understanding of what makes good money. In turn, an understanding of how a good money system would work helps us to dissect the flaws in the current regime. That dissection is valuable not only in galvanising the forces of reform but also in helping us as individuals navigate a path through the economic and financial jungle.

Suggested Citation

  • Brendan Brown & Robert Pringle, 2022. "Criticism, Realism, Idealism and Reform," Springer Books, in: A Guide to Good Money, chapter 0, pages 247-260, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-06041-0_15
    DOI: 10.1007/978-3-031-06041-0_15
    as

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