Global currency war and the global recovery

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.

 

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John H.
Makin

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