Der Spiegel: “Inequality, Market Chaos and Angry Voters”

As early as 1996, White was critical of Alan Greenspan, who was head of the US Federal Reserve at the time, due to his ultra-loose monetary policy with which he had hoped to unleash the financial markets. He also warned of the coming crisis on the mortgage market long before Lehman went belly up.

But few were interested in what the economist had to say at a time when the apparently all-powerful financial industry was driving the economy around the world. Once Lehman collapsed, however, that industry threatened to implode and take the global economy along with it, not unlike an immune system that turns on its own body and destroys it.

Der Spiegel Date:  17 November 2016

 

Posted by williamw in Interviews

Ultra-Easy Money: Digging the Hole Deeper?

William White was awarded the Adam Smith prize on 11 September, the highest prize of the US National Association of Business Economists. The paper underlying his remarks at the ceremony has been  published in Business Economics

Adam Smith Prize Lecture – National Association of Business Economists – Atlanta, Georgia – 11 September 2016

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Posted by williamw in Publications

Only government action can resolve a global solvency crisis

Article by William White published in the Financial Times on 25 September 2016 –

Central banks have recently been engaged in a process of unprecedented monetary experimentation. Unlike scientists developing new drugs or genetic modifications, fear of the unknown has had no moderating influence on their activities.

Link to the article (subscription required)

 

Posted by williamw in Articles