A Guide to Good Money

“Brendan Brown and Robert Pringle target a wide audience of interested, but not necessarily economics trained, readers. They explain in the clearest possible terms why money matters to all of us. We should want ‘good money’ (stable and reliable) and understand how poor quality money (inflationary and unstable) appears. The consequences are always damaging and can be devastating. But they could be avoided. If only policy makers would listen—to Brown and Pringle.”

—Forrest Capie, Bayes Business School, City, University of London, UK


“Brendan Brown and Robert Pringle give us a provocative conceptual, historical, and prospective discussion of how a “good money” regime would operate and how it might replace the distortions of the reigning practice of perpetual monetary depreciation. As the authors say, ‘The bad money establishment has obviously failed in the case of the pandemic inflation.’ Now is a perfect time for such fundamental thinking about a better monetary regime.”


—Alex J. Pollock, Senior Fellow, Mises Institute, USA

Brendan Brown is a Senior Research Fellow of the Hudson Institute, Washington, DC, and of the Mises Institute (USA). He is a founding partner of Macro Hedge Advisors LLP. Formerly Brendan was Head of Economic Research at Mitsubishi UFJ Financial Group (Europe). His areas of expertise include monetarism in theory and practice, Austrian School monetary economics, European monetary integration, Japanese monetary issues, the global flow of capital, and international financial history. Brendan has published many books on contemporary finance and financial history. He received a PhD from the University of London, a MBA from the University of Chicago, a MSc from the London School of Economics, and an undergraduate degree from Cambridge University.

Robert Pringle is an author, editor, commentator and entrepreneur specializing in money, banking and capital markets. A former Editor of TheBanker, London, he was the first director of the Group of 30 institute on monetary affairs now based in Washington, DC. In 1990 he founded Central Banking Publications, a financial publisher specialising in public policy and financial markets and remains chairman. Robert has monitored and commented on changes in financial markets and the monetary policies of central banks around the world for more than 40 years. He has published several books and edited more than 50 volumes of collected papers, surveys and training manuals for policy makers and market regulators. He holds an MA in economics from King’s College, Cambridge University, UK.