Modern Money—A Matter of Trust

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

Chapter Chapter 1 in A Guide to Good Money, 2022, pp 3-13 from Springer

Abstract: Abstract This chapter offers a description of modern money, how it is supposed to work, how it is created and managed, what central banks, commercial banks and other financial institutions do and its main flaws. It traces the connections between modern money, official policies and the obvious injustices of contemporary capitalism. Governments periodically take fright at the political cost of high inflation episodes but have no answers. And the final paradox: in modern monetary systems, money has lost its unique qualities.

Keywords: Asset inflation; Monetary competition; Monetary regimes; Monetary taxation; Money digitalization; Monopoly capitalism; Regulation juggernaut (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_1

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DOI: 10.1007/978-3-031-06041-0_1

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