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Paper – Debt, Money, and Mephistopheles: How Do We Get Out of This Mess

Debt, Money, and Mephistopheles: How Do We Get Out of This Mess: “Adapted from his speech at the Cass Business School, Adair Turner, Chairman of the Financial Services Authority, discusses causes that contributed to the financial crisis and post crisis recession.  Turner argues that central bank and government policymakers need to consider radical policy options to avoid sustained deflation and many years of below potential growth.” [via Andrew Young]

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