IS THERE AN ALTERNATIVE TO RE-NATIONALIZING THE CREATION OF MONEY?
Global debt is spiraling and has now surpassed 300 % of global GDP. Not only are households borrowing more to buy properties, they are also increasingly borrowing for consumption. It is the combination of low interest rates and mainly deregulated banks that create a looming new great financial crisis.What is preventing governments, central banks and financial regulators to intervene? Ulf Dahlsten, PhD and visiting professor at London School of Economics, will talk about how faulty theories, the lack of proper institutions and the emergence of a mighty global conglomerate are preventing responsible actions.