Dr Heiner Flassbeck, Director at the United Nations Conference on Trade and Development (UNCTAD), talks at length about the need for fundamental reform of the international financial system and the lack of political will to do so.
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Stephen Roach, a senior executive with Morgan Stanley Asia and Yale University lecturer, discusses magic quantitative easing, betting the ranch, policy traps, short-termism, and accountability in a must-see interview from Davos with Tom Keene, host of Bloomberg’s Surveillance Midday.
Roach: “Central bankers right now are trying to pull the wool over our eyes with zero interest rates and this magic called quantitative easing (QE). QE works for economies in crisis. What does it do to sustain economic recovery?”
