Book Review: A Guide to Good Money: Beyond the Illusions of Asset Inflation

Abstract

As Brendan Brown and Robert Pringle take it upon themselves to provide an accounting of the existing monetary framework before introducing the reader to their prescriptions, _A Guide to Good Money: Beyond the Illusions of Asset Inflation_ is an excellent primer for those who wish simply to understand the opacities of modern money. On one level, therefore, it succeeds as both an easily digestible guide for the confused and a hopeful theoretical framework for the avid policy wonk. But further, and more broadly speaking, it triumphs too as a work of revisionist history in the best sense. Though marred by a note of eager neo-imperialist rhetoric, the book provides reason to push aggressively for reforms to curb the power of the Federal Reserve, and, if it cannot be destroyed entirely, to push for the adoption of a fiat regime consistent with the “super money” qualities insightfully laid out by Brown and Pringle.