Mises Wire
Author:
Brendan Brown
Online Publish Date:
[This article is adapted from A Guide to Good Money: Beyond the Illusions of Asset Inflation by Brendan Brown and Robert Pringle (2022, Palgrave Macmillan).] Bad money regimes base themselves on a dysfunctional social contract. You, the people, agree to put up with a “moderately good” money in return for us (the regime) providing benefits in