Pathways to Good Money

Brendan Brown () and Robert Pringle ()
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Brendan Brown: Hudson Institute
Robert Pringle: Central Banking Publications

Chapter Chapter 14 in A Guide to Good Money, 2022, pp 225-246 from Springer

Abstract: Abstract Before a good money system can establish itself anywhere, defend itself and evolve into a serious international money, the present state power which would thwart that has to be limited or at least used constructively and within constitutional limits. That requires winning the political struggle. What are the winning strategies? The authors suggest that to win in the political arena, good money must be part of an alliance in a wider struggle against the evils of monopoly capitalism, surveillance capitalism and crony capitalism—and in favour of competitive markets and an objective monetary standard with all their benefits for the ordinary citizen. Specifically, in line with this, the reform proposals for good money must lead to an assault on all these barriers imposed by the reactionary Mettenernichs of the present money establishment.

Keywords: Answers to criticisms of good money; Chinese currency—potential expanded international role despite bad money essence; Essential taming of the lender of last resort; too big to fail and deposit insurance; Good money coalition could include political opponents of monopoly and surveillance capitalism along with critics of US geo-political weakness and with free-market environmentalism; Monetary Metternichs of the establishment; French-German gold standard possible?; Japanese yen implausible journey to good from bad money; Regulatory stifling of monetary reform led by competition in private markets; Swiss franc monetary flaws—irreversible?; Unilateral gold standard in the US—costs and benefits (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-06041-0_14

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DOI: 10.1007/978-3-031-06041-0_14

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