The book reveals how the Global Credit Bubble and Bust of 2003-10 stemmed from giant monetary disequilibrium created by the Federal Reserve. Almost continually that institution has pursued flawed monetary practice and principle which has mutated into Bernanke-ism. The book dissects this and...

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 sequel to the author's earlier well-received Euro On Trial, shows how European Monetary Union became a main engine of the global credit bubble and puts forward a set of remedies which would reduce the danger of further economic debacle emanating from serious flaws in the present...