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The Global Menace of US Monetary Policies

In: A Guide to Good Money

Author

Listed:
  • Brendan Brown

    (Hudson Institute)

  • Robert Pringle

    (Central Banking Publications)

Abstract

For most of the century of US dollar hegemony since World War I, the US has spread inflation. Sometimes, the key visible symptoms of such “made in America” inflation have been in asset markets, at other times in goods and services markets—and sometimes in both. Ultimately, the inflation exacted a heavy toll not only on global economic prosperity but also on America’s geopolitical position, weakening US allies, lowering US standing in the world and strengthening its enemies. In this chapter, the authors examine how US allies have resisted the contagion of inflation in the past and how they could do so in the future—all in ways which would strengthen their alliance with the US.

Suggested Citation

  • Brendan Brown & Robert Pringle, 2022. "The Global Menace of US Monetary Policies," Springer Books, in: A Guide to Good Money, chapter 0, pages 33-45, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-06041-0_3
    DOI: 10.1007/978-3-031-06041-0_3
    as

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