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HARDtalk: Lord Turner

Factual: Money

Lord Turner

17/12/2015

BBC News Channel - HARDtalk, Lord Turner

Lord Turner argues that western economies remain dangerously reliant on debt.

Lord Turner, doyen of the UK economic establishment, tells Stephen Sackur that the way to achieve economic stability is to print money and stimulate growth.

Adair Turner, Lord Turner, is a doyen of the UK economic establishment who has concluded that western economies remain dangerously reliant on debt. It might be reassuring if we could put the blame for the financial crash of 2008 on greedy bankers, but what if the crisis was much deeper and more structural? Stephen Sackur asks Lord Turner if his solution; printing money to stimulate growth without adding to the debt pile, is credible?

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