Introduction -- PART 1: THE PRESENT SCENE -- 1 Modern money - a matter of trust -- 2 Globalization without global money -- 3. The global menace of US monetary policies -- PART TWO: THE ESSENCE OF GOOD MONEY -- 4. What we mean by “good money” -- 5. Why good money has a solid anchor -- PART...

This book analyses the controversial and critical issue of 2% inflation targeting, currently practised by central banks in the US, Japan and Europe. Where did the 2% target inflation originate, and for what reason? Do these reasons stand up to scrutiny? This book explores these key questions,...