No, Brad DeLong, There Is No Draghi Claus
Benn Steil's Forbes op-ed explains why central banks, in spite of their money-printing powers, ultimately need real capital.
Speaker: Benn Steil, Senior Fellow and Director of International Economics, Council on Foreign Relations
Presider: Richard N. Haass, President, Council on Foreign Relations
March 10, 2009
Terms of Use: I understand that I may access this audio and/or video file solely for my personal use. Any other use of the file and its content, including display, distribution, reproduction, or alteration in any form for any purpose, whether commercial, noncommercial, educational, or promotional, is expressly prohibited without the written permission of the copyright owner, the Council on Foreign Relations. For more information, write outreach@cfr.org.
Benn Steil's Forbes op-ed explains why central banks, in spite of their money-printing powers, ultimately need real capital.
Benn Steil's Financial News column explains why the ECB is incapable of taking Fed-size risks to its balance sheet as long as Germany is...
Benn Steil's column in the October 10th edition of Dow Jones' Financial News takes a critical look at popular European calls for a new...
Benn Steil's column in Dow Jones' Financial News takes a critical look at the Washington debt duel.