The Monetary Origins of Market Irrationality

Brendan Brown

Chapter 1 in A Global Monetary Plague, 2015, pp 5-38 from Palgrave Macmillan

Abstract: Abstract There is a deeply held belief that order emerges out of chaos. If so, the Obama Administration’s Great Monetary Experiment, designed and implemented by its appointed Federal Reserve chief, will have ultimately a happy ending. Social and economic turmoil resulting from years of vast monetary disorder would bring about a swing of the political pendulum, which could sweep away the Federal Reserve. In its place a new monetary order would be constructed. This would include constitutionally protected rules to guide the US along the path of monetary stability.

Keywords: Interest Rate; Federal Reserve; Private Equity; Equity Market; Nominal Interest Rate (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-47885-6_2

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DOI: 10.1057/9781137478856_2

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