Former Central Banker Explains Alarming Debt Trap Facing America

William White was recently interviewed by Danielle Dimartino Booth for Valuetainment Economics. Her regular program,”Down the Middle,” is  internet based and attempts to explain important and current issues in terms that non-specialist viewers can understand. After responding to some questions about his background and reasons for going into central banking, White addressed  a wide range of  topical issues. These include the effectiveness and side effects of ultra-easy monetary policy, the “exit” problem, some changes in financial regulation, and the need for more and better means of debt restructuring at the global level.