Lord Adair Turner, former Chairman of the UK Financial Services Authority and Senior Fellow at

Lord Adair Turner, former Chairman of the UK Financial Services Authority and Senior Fellow at the Institute for New Economic Thinking, delivered a presentation titled "Money and Debt: Radical Solutions to the Challenge of Deleveraging."

Turner highlighted a fundamental insight: banks simultaneously create new credit and new money "ex nihilo." He stressed this as a crucial concept for economics undergraduates to understand about the monetary economy.

This presentation was given at the "Fix the Banking System for Good" conference at the Philadelphia Fed on April 17, 2013, and published on May 5, 2013.

Ted Turner and his daughter, Laura Turner Seydel, participated in the One Billion Rising campaign on February 14, 2013.

They joined the global movement to raise awareness and demand an end

Ted Turner and his daughter, Laura Turner Seydel, participated in the One Billion Rising campaign on February 14, 2013.

They joined the global movement to raise awareness and demand an end to violence against women and girls. Learn more about this initiative at www.onebillionrising.org.