Could We Print Money to End Poverty?

Central bankers have long viewed sovereign money creation as a sacred policy tool, to be used sparingly lest it stoke inflation. That sanctity, however, had been challenged by the policy response of choice to the financial crisis: quantitative easing, which has increased the stock of money in the economies of the U.S., the U.K., and Japan by $3.7 trillion, more than three times the total physical stock of dollar notes in circulation worldwide. This raises the question of whether the same strategy used to ward off a global depression might now be deployed to sustain progress toward wiping out extreme poverty around the world. Put another way: Can we simply print money for aid?

Read Full Article »
Comment
Show commentsHide Comments

Related Articles

Market Overview
Search Stock Quotes
Partner Videos