Nouriel Roubini Is Afraid of These Dangerous Side Effects of Central Bank Policy

And some more on the intricacy of what central bank money really is

Former White House economist Nouriel Roubini at the Commonwealth Business Forum in Perth, Australia, on October 25, 2011. TONY ASHBY/AFP/Getty Images

Nouriel Roubini, Bill Clinton’s former senior economist, and a current NYU professor for economics is a bit of a wild card. His influences include mostly leftist thinkers such as John Maynard Keynes, Larry Summers, and Jeffrey Sachs.

However, he also cites Hyman Minsky as one of his influences. So while most Keynesians got subprime wrong, Roubini’s experience with emerging markets and his Minsky background helped him to get subprime right.

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