- 23 Jun 2018 04:15
#14926894
Will we do whatever it takes to fight climate change? Back in 2008, following the global financial crisis, governments across the world adopted a "whatever it takes" commitment to monetary recovery, issuing $250 billion worth of the international currency of the IMF [the SDR =special drawing rights] to stem the collapse of the economy. In this delightfully wonky talk from 2015, financial expert Michael Metcalfe suggests we can use that very same unconventional monetary tool to fund a global commitment to a green future.
. . . He says that solving climate change will benefit *everyone*, so if there is any damage like inflation then this hurts everyone. This is fair.
This is almost like MMT.
BTW, most his facts were new news to me. Maybe to you also.
https://www.ted.com/talks/michael_metca ... e#t-733139
You can easily read the transcript in many languages if watching is not your style.
. . . He says that solving climate change will benefit *everyone*, so if there is any damage like inflation then this hurts everyone. This is fair.
This is almost like MMT.
BTW, most his facts were new news to me. Maybe to you also.
https://www.ted.com/talks/michael_metca ... e#t-733139
You can easily read the transcript in many languages if watching is not your style.
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