Keynote panel on "The Future of Central Banking" at the Institute for New Economic Thinking's "Changing of the Guard?" conference in Hong Kong. Featured panelists include Liu Mingkang and INET Advisory Board members Charles Goodhart, Richard Koo, and Adam Posen, with Fung Global Institute President and INET Advisory Board member Andrew Sheng moderating.The Future of Central Banking - INET Hong Kong
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3 comments:
ok.... spent the morning with this video...been studying modern money for a while now and it seems to me...this is a stage full of central bankers who actually know what they are talking about?
what am I missing here?
Politics is what you are missing. Or the intersection of money and politics. It's amazing how insightful people comes when gets out of responsibility positions, not talking about this conference participants specifically, but I mean there is a lot of people inside the machine which get how it works, more in or out of paradigm but a lot of them get the reality that this are partially 'nominal' and 'accounting' shenanigans and there is a lot of (fiscal ehem) 'space' to maneuver around them (maybe part of what Matt would call 'Team Human'). But then ther eis the political (manufactured ehem) 'realities'.
Speaking of which, I found this one more interesting: Economics and the Powerful - INET Hong Kong
Koo shows an interesting diagram of bank balance sheets between 1929 and 1936:
http://welling.weedenco.com/html/28-US-Money-supply-growth.gif
Does anyone know if there are any such diagrams for the present or recent past?
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