Monday 6th February - 17:00 GMT
IAI Live February 6th
An evening of online events exploring the economic crisis
Carmen Reinhart, Cass Sunstein, Peter Schiff, Brad DeLong, Gillian Tett
IAI LIVE this February 6th brings together a stellar line-up featuring: The man who predicted the 2008 crash, the chair of the World Bank Group, the chair of the FT editorial board, the man who inspired Biden's aggressive economic plans and one of the minds behind nudge theory.
Peter Schiff, Cass Sunstein, Gillian Tett, Carmen Reinhart and Brad De Long come together to tackle the world's economic crisis, and ask, is QE to blame?
Printing money is usually seen as a disastrous strategy. But central bankers claim pumping unprecedented amounts of cash into the economy after the 2008 crash and during the Covid crisis, through Quantitative Easing or QE, saved us from disaster.
Increasingly critics argue it was instead a fundamental mistake. Studies show the result has been a decade long asset bubble mainly benefitting the wealthy, and that it initiated the current cost of living crisis well before the Ukraine invasion gave it a further spike. Former Fed Chair Alan Greenspan claimed QE had no positive impact on the economy and called it a failure.
Should we conclude that QE was a decade long mistake and central bankers do not know what they are doing? Is the refusal of central banks and governments to criticise QE a sign of dangerous group think? Do we need a new economic theory, or was QE a necessary intervention which staved off financial meltdown?
IAI Live is a monthly event exploring the biggest ideas on a global stage. As part of your IAI Live ticket or Premium Live subscription you get access to The Headline Debate, The Solo Talk, The Opening Interview, Meet the Speakers, two documentary screenings, and music.
See the full programme for the event below:
Monday 6th February - 17:15 GMT
The Opening Interview: Material abundance and failed Utopias
The man who inspired Biden's economy
Monday 6th February - 18:00 GMT
The Debate: An Unprecedented Experiment With Money
Printing Money, Paying the Price
Brad DeLong, Carmen Reinhart, Peter Schiff, Gillian Tett
Monday 6th February - 19:20 GMT
The Solo Talk: The Fatal Flaw in Human Judgment
And how to drown out the noise