Bad Money: How America Can Solve Perpetual Inflation

Exit polls after the 2024 elections showed that runaway inflation is deeply unpopular with American voters. But there is no apparent groundswell of popular support for a better monetary regime.

In Bad Money (Palgrave Macmillan, October 2025), Senior Fellow Brendan Brown and late Paris Sorbonne Professor of Economics Philippe Simonnot argue that today’s monetary regime, which relies on constant “low-level” or “transitory” inflation, is unsustainable. These “inflation mongers”—empowered by wars, recessions, and most recently, the COVID-19 pandemic—quietly use inflation to erode debts, prop up assets, and stabilize public finances at the expense of purchasing power, the authors argue. Drawing on history, Brown and Simonnot warn that without a solid monetary anchor, future economic storms will trigger deeper inflation and malinvestment.

At Hudson, Senior Fellows Brendan Brown and Harold Furchtgott-Roth and Mises Institute Senior Fellow Alex Pollock will discuss the book’s findings and how gold-based monetary reform combined with the increased use of modern analytical tools can help end the inflationary spiral.