Brendan Brown on The Global Curse of the Federal Reserve

Speaker: Brendan Brown

Date: Tuesday 26 February 2013

Time: 06:30pm - 08:00pm

RSVP: events@adamsmith.org

Location: 23 Great Smith Street, SW1P 3BL

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Brendan Brown has authored many books on international financial topics, including monetary problems in the US, Europe and Japan, and asset market pricing (including exchange rates) in a global context. He was awarded a PhD by the London School of Economics and an MBA by the University of Chicago. Dr. Brown is Head of Economic Research and Executive Director at Mitsubishi UFJ Securities International, one of the largest Japanese financial institutions. Dr. Brown contributes regularly to Japanese and European financial media.

Brendan Brown will speak on his new book 'The Global Curse of the Federal Reserve'. This book demonstrates that severe monetary instability created by the Federal Reserve through the last 100 years has been the source of global economic crisis and geo-political breakdown. A manifesto for a second monetarist revolution drawing on a monetary tradition embracing J.S. Mill and the Austrian School, forms the core of this book. Brown argues for the end of the Fed as a policy-making institution. The litany of monetary disasters – the World Depression of the 30s, the Great Inflation of the 1970s, and then the sequence of bubbles-and-busts including Latin America, Japan, South East Asia, and finally the entire world - proves that this particular institution is deeply rotten.

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