Since the beginning of the recent global economic crisis, G20 economies have combined fiscal austerity measures with expansionary monetary policy, and the austerity measures have made quantitative easing - the printing of money - the only pro-growth choice. The resulting currency weakness amounts to export of deflation pressures, threatening a currency war since every country, by definition, cannot have a weaker currency. Tune in as John H. Makin discusses the global currency war and the global recovery:
This conference call was hosted by Renaissance Macro Research and was moderated by Jeff deGraaf.








