Under present arrangements, finance too often acts as a malevolent force, rewarding private sectional interests at the expense of the public interest. This is because the globalisation of markets has run ahead of our power to control them. Properly harnessed, global finance could be, again, an enormously powerful force for good. Designing such a harness…
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Written on November 14, 2013 at 5:57 pm, by robert
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Categories: Banking, Homepage, News and Comment, Official Money, Part IV: The Power of Global Finance, RP's Diary, The Ikon
Tags: Against the Consensus, Ben Bernanke, Brendan Brown, Cato Institute, central banking, Charles Goodhart, global financial system, International Monetary System, James Buchanan, Joseph Stiglitz, Judy Shelton, Justin Lin, Kevin Dowd, Keynes, Lewis E. Lehrman, Mohamed El-Erian, Paul Fabra, Project Syndicate, Richard Cooper, Robert Mundell, Ronald McKinnon, The Money Trap
