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Euro Crash - How Asset Price Inflation Destroys the Wealth of Nations (Hardcover, 3rd ed. 2014)
Loot Price: R1,979
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Euro Crash - How Asset Price Inflation Destroys the Wealth of Nations (Hardcover, 3rd ed. 2014)
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Review: 'Fiat currency central banks claim to fight the inflation
they cause, and likewise to offset the financial instability and
systemic risk they create. The depreciation of the currencies they
issue at will often cause falls in foreign exchange value, goods
and services inflation, or asset price inflations. Of these, asset
price inflations are the most insidious, for while they last they
are highly popular, leading people to think they are growing rich
and to run up their debt. When the asset inflations collapse, the
central banks can come as the fire department to the fire they
stoked. Nobody is better at diagnosing and dissecting these central
bank games than Brendan Brown, whether it is the Federal Reserve
(The Global Curse of the Federal Reserve) or the European Central
Bank - this book, Euro Crash. It will give you a healthy boost in
your scepticism about those who pretend to be the Platonic
guardians of the financial system.' - Alex J. Pollock, Resident
Fellow, American Enterprise Institute, Washington, DC; former
president and chief executive officer, Federal Home Loan Bank of
Chicago.
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