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Lord Adair Turner, Former Chairman of the UK Financial Services Authority and Senior Fellow at the Institute for New Economic Thinking, gives a noteworthy presentation on "Money and Debt: Radical Solutions to the Challenge of Deleveraging."
"One of the most fundamental insight is that banks simultaneously create new credit and new money ex nihilo."
And that is one of the most fundamental, important things for people to be taught, which economics undergraduates should be taught about the nature of how monetary economy with banks works." Published on May 5, 2013
From April 17th, 2013 conference in Philadelphia Fed called "Fix the Banking System for Good."
| EarthSayers | Adair Turner |
| Organizations | Institute for New Economic Thinking |
| EarthSayers Rating | Highly recommended |
| Country | United Kingdom |
| Date | unknown |
| Format | Lectures |
| Member of Special Collection | Transforming Our Economy |
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