Brendan Brown is a monetary economist whoseareas of expertise include monetarism in theory and practice, Austrian Schoolmonetary tradition, European monetary union, Japanese monetary issues andinternational financial history.  Heobtained a PhD at the University of London, an MBA at the University of Chicagoand a MSc at London School of Economics. Dr. Brown is Head of Economic Research at a leading Japanese financialinstitution.  He is an Adjunct Fellow atthe Hudson Institute in Washington DC, and an Associate Scholar of the MisesInstitute, US.

Dr. Brown gives the first clear and coherent explanation of the dire effects on the economy of the Federal Reserve's Great Monetary Experiment. He artfully and completely debunks two great myths of our age: that periods of secular price deflation are destabilizing; and that the Japanese 'lost decade' was caused by deflation. Most important, Brown brilliantly integrates elements of behavioral finance with sound monetary theory to explain how the Fed's policy of manipulating interest rates is sowing the seeds of a future financial crisis of global scope by systematically distorting the market mechanism that brings the market interest rate into accord with the neutral rate. If you want to truly understand where the economy is headed and why, this is the only book worth reading. (Joseph T. Salerno, Professor of Economics, Pace University, New York, NY, and, Academic Vice President, Mises Institute, Auburn, AL)

• Foreword By Alex PollockIntrodusction1. The Monetary Origins Of Market Irrationality2. How Fed Quantitative Easing Spread Asset Price Inflation Globally3. A 100-Year History Of Fed-Origin Asset Price Inflation4. How To Cure Deflation Phobia?5. A Manifesto For US Monetary Reform6. Japanese Tales In The Mythology Of Fed Quantitative Easing7. How The Roosevelt Fed ' 's Quantitative Easing Ended In A Crash8. A Guide To Surviving A Monetary Plague

Brendan Brown is a monetary economist whoseareas of expertise include monetarism in theory and practice, Austrian Schoolmonetary tradition, European monetary union, Japanese monetary issues andinternational financial history.  Heobtained a PhD at the University of London, an MBA at the University of Chicagoand a MSc at London School of Economics. Dr. Brown is Head of Economic Research at a leading Japanese financialinstitution.  He is an Adjunct Fellow atthe Hudson Institute in Washington DC, and an Associate Scholar of the MisesInstitute, US.

Dr. Brown gives the first clear and coherent explanation of the dire effects on the economy of the Federal Reserve's Great Monetary Experiment. He artfully and completely debunks two great myths of our age: that periods of secular price deflation are destabilizing; and that the Japanese 'lost decade' was caused by deflation. Most important, Brown brilliantly integrates elements of behavioral finance with sound monetary theory to explain how the Fed's policy of manipulating interest rates is sowing the seeds of a future financial crisis of global scope by systematically distorting the market mechanism that brings the market interest rate into accord with the neutral rate. If you want to truly understand where the economy is headed and why, this is the only book worth reading. (Joseph T. Salerno, Professor of Economics, Pace University, New York, NY, and, Academic Vice President, Mises Institute, Auburn, AL)

• Foreword By Alex PollockIntrodusction1. The Monetary Origins Of Market Irrationality2. How Fed Quantitative Easing Spread Asset Price Inflation Globally3. A 100-Year History Of Fed-Origin Asset Price Inflation4. How To Cure Deflation Phobia?5. A Manifesto For US Monetary Reform6. Japanese Tales In The Mythology Of Fed Quantitative Easing7. How The Roosevelt Fed ' 's Quantitative Easing Ended In A Crash8. A Guide To Surviving A Monetary Plague

Brendan Brown is a monetary economist whoseareas of expertise include monetarism in theory and practice, Austrian Schoolmonetary tradition, European monetary union, Japanese monetary issues andinternational financial history.  Heobtained a PhD at the University of London, an MBA at the University of Chicagoand a MSc at London School of Economics. Dr. Brown is Head of Economic Research at a leading Japanese financialinstitution.  He is an Adjunct Fellow atthe Hudson Institute in Washington DC, and an Associate Scholar of the MisesInstitute, US.

Dr. Brown gives the first clear and coherent explanation of the dire effects on the economy of the Federal Reserve's Great Monetary Experiment. He artfully and completely debunks two great myths of our age: that periods of secular price deflation are destabilizing; and that the Japanese 'lost decade' was caused by deflation. Most important, Brown brilliantly integrates elements of behavioral finance with sound monetary theory to explain how the Fed's policy of manipulating interest rates is sowing the seeds of a future financial crisis of global scope by systematically distorting the market mechanism that brings the market interest rate into accord with the neutral rate. If you want to truly understand where the economy is headed and why, this is the only book worth reading. (Joseph T. Salerno, Professor of Economics, Pace University, New York, NY, and, Academic Vice President, Mises Institute, Auburn, AL)

• Foreword By Alex PollockIntrodusction1. The Monetary Origins Of Market Irrationality2. How Fed Quantitative Easing Spread Asset Price Inflation Globally3. A 100-Year History Of Fed-Origin Asset Price Inflation4. How To Cure Deflation Phobia?5. A Manifesto For US Monetary Reform6. Japanese Tales In The Mythology Of Fed Quantitative Easing7. How The Roosevelt Fed ' 's Quantitative Easing Ended In A Crash8. A Guide To Surviving A Monetary Plague