How America Should Lead the Way to Good Money

The current money regime in the United States and abroad has led to a squandered economic miracle, a global financial crisis, a decade of increasingly severe economic sclerosis, and now the Great Pandemic Inflation that has culminated in the present Great Disinflation.

How would these events have been different if the US had come out of the trauma of its greatest peacetime inflation and its aftermath, which occurred between 1975 and 1993, with a good money regime?

The US political system urgently needs to come to grips with this monetary malaise instead of persevering with the failed 2-percent-inflation standard and its current box of tools. The authors of the just-published A Guide to Good Money (Palgrave, 2022) will talk with Hudson Senior Fellow Harold Furchtgott-Roth about the essence of good money, how this regime differs from the present “moderately bad” money regime, and how to get from bad to good.