Adair Turner at the Bristol Festival of Ideas 2015
Wednesday 11th November 2015
SSL lecture theatre, Bristol University
Notes by William Gaskell
Helicopter Money:
Printing money to get out of an economic deflation
Either use government money
Or
Use private credit markets to stimulate growth
£375 bn of QE in the UK, this is still continuing in Japan and US today.
Deferred tax was removed for the accounts by BASEL 3 protocols from leverage ratio to increase the proportion of equity/paid in capital that financial institutions needed as collateral against borrowing.
Policy of permanent monetization by the Bank of Japan can reduce Japanese debt by converting the debt into 0% interest government bonds which are liquid and therefore the same as money.
Wednesday 11th November 2015
SSL lecture theatre, Bristol University
Notes by William Gaskell
Helicopter Money:
Printing money to get out of an economic deflation
Either use government money
Or
Use private credit markets to stimulate growth
£375 bn of QE in the UK, this is still continuing in Japan and US today.
Deferred tax was removed for the accounts by BASEL 3 protocols from leverage ratio to increase the proportion of equity/paid in capital that financial institutions needed as collateral against borrowing.
Policy of permanent monetization by the Bank of Japan can reduce Japanese debt by converting the debt into 0% interest government bonds which are liquid and therefore the same as money.
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