Brendan Brown
Author of the featured Mises Institute article discussing monetary policy and the risks of monetizing a prospective productivity surge; provides economic commentary on asset inflation, Fed policy, and historical precedents.
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Feb 4, 2026 • 12min
The Not-So-New Dollar Strategy: Monetize Productivity in Advance
Brendan Brown, author and monetary commentator, warns about monetizing a supposed productivity surge. He explains how central banks can use productivity claims to justify easy money. He traces historical precedents of asset inflation tied to such policies. He highlights political incentives and the risks of premature stimulus leading to malinvestment and a damaging bond-market reversal.
