adair turner

Economics as a science has a terrible track record. Time and again the “dismal science” misses predictions or whole financial crises altogether. The problem: Mainstream economics ignores the fact banks create and manage our money and the whole system stands and falls with the process.

Lord Adair Turner, the ex-chief British financial regulator, lifts the mystery on what banks are really doing in the economy.

Quantitative easing alone doesn’t do it.

Some of them will be really difficult

Economics as a science has a terrible track record. Time and again the “dismal science” misses predictions or whole financial crises altogether. The problem: Mainstream economics ignores the fact banks create and manage our money and the whole system stands and falls with the process.

Lord Adair Turner, the ex-chief British financial regulator, lifts the mystery on what banks are really doing in the economy.

Quantitative easing alone doesn’t do it.

Some of them will be really difficult